ABSTRACT

As highlighted in Figure 5.2, the dimension of institudonal arrangements most directly impinging on individual choices is that of knowledge dissemination. Application of the guidelines derived in Chapter 5 is contingent on people having the needed knowledge of outcomes of their combined choices: an increase in ignorance and uncertainty make the expressed preferences of individuals less ‘true’ (see Mesthene, 1974), less ‘substantively rational’ (Elster, 1983: 2).