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Behavior Probability Under the Behavioral Management Institution

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Five Basic Institution Structures and Institutional Economics

Abstract

There are two definitions for the term “behavior probability”, the first being: the chance of a certain behavior occurring in a group that is being managed. For instance, if 10 individuals in a group of 100 persons opt for a certain behavior \( b_{i} \), then the probability of that behavior would be \( p(b_{i} ) = 0.1 \).

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Correspondence to Shaorong Sun .

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© 2016 Science Press, Beijing and Springer Science+Business Media Singapore

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Sun, S. (2016). Behavior Probability Under the Behavioral Management Institution. In: Five Basic Institution Structures and Institutional Economics. Springer, Singapore. https://doi.org/10.1007/978-981-10-0344-8_8

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