As I reached the end of the introductory example, this article abruptly started using the term “institution” (I had forgotten the occurrence in the first paragraph). It is unclear to me in what way an “institution” is different from a “mechanism”.
If there is no significant difference then I would advise not using “institution” except in the context of pointing out other concepts which map to this formalism.
As I reached the end of the introductory example, this article abruptly started using the term “institution” (I had forgotten the occurrence in the first paragraph). It is unclear to me in what way an “institution” is different from a “mechanism”.
If there is no significant difference then I would advise not using “institution” except in the context of pointing out other concepts which map to this formalism.