Computable Learning, Neural Networks and Institutions
Francesco Luna · Studies in fuzziness and soft computing · 2002
After showing the positive role that an institution can play in the learning process, we motivate the intuition for why-in the context of a major change in the environment-the more rigid and strictly specialized an institution is, the longer and more complex the learning process will be of any actor subject to the by-now obsolete institution. In particular, the inductive adaptation of economic actors (firms in our setting) to a new environment (such as the one caused by transition to a market economy) is slowed by the very existence of some institution or organizational setting that had emerged in the original environment as a superior tool of induction.