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Individual Strategy and Social Structure : An Evolutionary Theory of Institutions / H. Peyton Young.

By: Material type: TextTextPublisher: Princeton, NJ : Princeton University Press, [2020]Copyright date: ©1998Description: 1 online resource (208 p.) : 43 line illus., 1 tableContent type:
Media type:
Carrier type:
ISBN:
  • 9780691214252
Subject(s): DDC classification:
  • 306 22
Other classification:
  • online - DeGruyter
Online resources:
Contents:
Frontmatter -- CONTENTS -- PREFACE -- ACKNOWLEDGMENTS -- Chapter 1. OVERVIEW -- Chapter 2. LEARNING -- Chapter 3. DYNAMIC AND STOCHASTIC STABILITY -- Chapter 4. ADAPTIVE LEARNING IN SMALL GAMES -- Chapter 5. VARIATIONS ON THE LEARNING PROCESS -- Chapter 6 LOCAL INTERACTION -- Chapter 7. EQUILIBRIUM AND DISEQUILIBRIUM SELECTION IN GENERAL GAMES -- Chapter 8. BARGAINING -- Chapter 9. CONTRACTS -- Chapter 10. CONCLUSION -- Appendix. PROOFS OF SELECTED THEOREMS -- NOTES -- BIBLIOGRAPHY -- INDEX
Summary: Neoclassical economics as-sumes that people are highly rational and can reason their way through even the most complex economic problems. In Individual Strategy and Social Structure, Peyton Young argues for a more realistic view in which people have a limited understanding of their environment, are sometimes short-sighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into customs, norms, and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties. The ideas are illustrated through a variety of examples, including patterns of residential segregation, rules of the road, claims on property, forms of economic contracts, and norms of equity. The book relies on new results in evolutionary game theory and stochastic dynamical systems theory, many of them originated by the author. It can serve as an introductory text, or be read on its own as a contribution to the study of economic and social institutions.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780691214252

Frontmatter -- CONTENTS -- PREFACE -- ACKNOWLEDGMENTS -- Chapter 1. OVERVIEW -- Chapter 2. LEARNING -- Chapter 3. DYNAMIC AND STOCHASTIC STABILITY -- Chapter 4. ADAPTIVE LEARNING IN SMALL GAMES -- Chapter 5. VARIATIONS ON THE LEARNING PROCESS -- Chapter 6 LOCAL INTERACTION -- Chapter 7. EQUILIBRIUM AND DISEQUILIBRIUM SELECTION IN GENERAL GAMES -- Chapter 8. BARGAINING -- Chapter 9. CONTRACTS -- Chapter 10. CONCLUSION -- Appendix. PROOFS OF SELECTED THEOREMS -- NOTES -- BIBLIOGRAPHY -- INDEX

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

Neoclassical economics as-sumes that people are highly rational and can reason their way through even the most complex economic problems. In Individual Strategy and Social Structure, Peyton Young argues for a more realistic view in which people have a limited understanding of their environment, are sometimes short-sighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into customs, norms, and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties. The ideas are illustrated through a variety of examples, including patterns of residential segregation, rules of the road, claims on property, forms of economic contracts, and norms of equity. The book relies on new results in evolutionary game theory and stochastic dynamical systems theory, many of them originated by the author. It can serve as an introductory text, or be read on its own as a contribution to the study of economic and social institutions.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)