Rationality and Coordination by Cristina Bicchieri
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.-
The Foundations of Causal Decision Theory
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Probability and the Art of Judgment
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Symmetry and its Discontents
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Decision Space
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Physical Causation
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The Dynamics of Norms
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Interpreting Probability
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The Structure of Values and Norms
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Rethinking the Foundations of Statistics
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The Concept of Probability in Statistical Physics
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The Design Inference
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Probabilistic Causality
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Knowledge, Belief, and Strategic Interaction
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Paradoxes of Belief and Strategic Rationality
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Causal Asymmetries
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Betting on Theories
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Equilibrium and Rationality
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Knowledge and Inquiry
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Foundations of Probability with Applications
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Probability and Conditionals
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Taking Chances
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Creating Modern Probability
'Game theory has forced social scientists in general and economists in particular to confront the issue of rationalityUntil we explore systematically the nature of what we mean by that term we shall make little further progress in the social sciences. The author of this study has made an important contribution by intelligently exploring the issues that must be confronted.' Douglass North, The Journal of Economic Literature
| SKU | Unavailable |
| ISBN 13 | 9780521574440 |
| ISBN 10 | 0521574447 |
| Title | Rationality and Coordination |
| Author | Cristina Bicchieri |
| Series | Cambridge Studies In Probability Induction And Decision Theory |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | Cambridge University Press |
| Year published | 1997-03-28 |
| Number of pages | 288 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |