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• Cultural approach

– Individuals as utility satisficers: the choice of a course of

action depends on the interpretation of a situation rather

than on purely instrumental calculation

– Individuals as rationally bounded actors: their behavior is

not fully strategic but bounded by their own worldview

– Institutions provide moral or cognitive templates for

interpretation and action

– Institutions affect identities, self-images and preferences

of the actors

– Institutions are collectively constructed and taken-forgranted

to avoid scrutiny

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