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Rationality and Coordination

Language EnglishEnglish
Book Paperback
Book Rationality and Coordination Cristina Bicchieri
Libristo code: 02035815
Publishers Cambridge University Press, March 1997
This book explores how individual actions coordinate to produce unintended social consequences. In t... Full description
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21 338 Ft
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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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About the book

Full name Rationality and Coordination
Author Cristina Bicchieri
Language English
Binding Book - Paperback
Date of issue 1997
Number of pages 288
EAN 9780521574440
ISBN 0521574447
Libristo code 02035815
Publishers Cambridge University Press
Weight 395
Dimensions 150 x 224 x 15

Categories

Economics, Finance, Business & Management > Business & Management > Management & management techniques > Management decision making
Philosophy & Religion > Philosophy > Topics in philosophy > Philosophy: epistemology & theory of knowledge
Philosophy & Religion > Philosophy > Topics in philosophy > Philosophy: logic
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