Rationality and Coordination

Name: Rationality and Coordination
Brand: Cambridge University Press
SKU: 9780521574440
Price: 51.01 EUR
Availability: InStock

Autor: Cristina Bicchieri

Jazyk:

Väzba: Brožovaná

Vydavateľ: Cambridge University Press

Dostupnosť: Skladom u dodávateľa

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51.01 €

This book explores how individual actions coordinate to produce unintended social consequences. In t...

Informácie o knihe

Autor

Cristina Bicchieri

Jazyk

Angličtina

Väzba

Kniha - Brožovaná

Vydalo

1997

Stránok

288

EAN

9780521574440

ISBN

0521574447

Enbook ID

02035815

Vydavateľ

Cambridge University Press

Hmotnosť

395

Rozmery

150 x 224 x 15

Kompletný popis

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.

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