Rationality and Coordination
By (author) Cristina Bicchieri
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Rationality and Coordination by Cristina Bicchieri
Book DescriptionThis 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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Book DetailsISBN: 9780521574440
(228mm x 152mm x 15mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Mar-1997
Country of Publication: United Kingdom
Books By Author Cristina Bicchieri
Dynamics of Norms, Paperback (April 2009)
A 'state-of-the-art' collection of essays, presenting some of the best contemporary research into norms.
Knowledge, Belief, and Strategic Interaction, Paperback (April 2008)
This volume offers a conspectus of the interaction of game theory, logic, and epistemology in the formal models of knowledge, belief, deliberation and learning.
Grammar of Society, Paperback (December 2005)» View all books by Cristina Bicchieri
In The Grammar of Society, first published in 2006, Cristina Bicchieri examines social norms, including fairness, cooperation, and reciprocity.
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