Rationality and Coordination Hardback
by Cristina Bicchieri
Part of the Cambridge Studies in Probability, Induction and Decision Theory series
Hardback
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Description
This book explores how individual actions coordinate to produce unintended social consequences.
In the past this phenomenon has been explained as the outcome of rational, self-interested individual behaviour.
Professor Bicchieri shows that this is in no way a satisfying explanation.
She discusses how much knowledge is needed by agents in order to coordinate successfully.
If the answer is unbounded knowledge, then a whole variety of paradoxes arise.
If the answer is very little knowledge, then there seems hardly any possibility of attaining coordination.
The solution to coordination and cooperation is for agents to learn about each other.
The author concludes that rationality must be supplemented by models of learning and by an evolutionary account of how social order (i.e. spontaneous coordinated behaviour) can persist.
Information
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Out of Stock - We are unable to provide an estimated availability date for this product
- Format:Hardback
- Pages:286 pages
- Publisher:Cambridge University Press
- Publication Date:25/02/1994
- Category:
- ISBN:9780521381239
Information
-
Out of Stock - We are unable to provide an estimated availability date for this product
- Format:Hardback
- Pages:286 pages
- Publisher:Cambridge University Press
- Publication Date:25/02/1994
- Category:
- ISBN:9780521381239