""Individual Strategy and Social Structure" makes a convincing case for an adaptive, low-rationality, probabilistic approach to game theory and to economics and social science in general."--Alvin E. Roth, Harvard University
"In this well written and elegant volume, Peyton Young takes a large step in redirecting the theory and the problems that game theorists deal with. Rather than asking what is the proper equilibrium notion for a game played by fully rational agents capable of making all necessary calculations, he asks what types of conventions of behavior or social institutions will intelligent but not omniscient agents create for themselves when they repeatedly face the same problem that needs to be solved. Clearly this is what the real world looks like and Young brings us closer to it."--Andrew Schotter, New York University
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""Individual Strategy and Social Structure" makes a convincing case for an adaptive, low-rationality, probabilistic approach to game theory and to economics and social science in general."--Alvin E. Roth, Harvard University
"In this well written and elegant volume, Peyton Young takes a large step in redirecting the theory and the problems that game theorists deal with. Rather than asking what is the proper equilibrium notion for a game played by fully rational agents capable of making all necessary calculations, he asks what types of conventions of behavior or social institutions will intelligent but not omniscient agents create for themselves when they repeatedly face the same problem that needs to be solved. Clearly this is what the real world looks like and Young brings us closer to it."--Andrew Schotter, New York University
Imprint | Princeton University Press |
Country of origin | United States |
Release date | 2001 |
Availability | Expected to ship within 10 - 15 working days |
First published | 2001 |
Authors | H. Peyton Young |
Dimensions | 235 x 152 x 16mm (L x W x T) |
Format | Paperback |
Pages | 208 |
Edition | Revised |
ISBN-13 | 978-0-691-08687-3 |
Barcode | 9780691086873 |
Categories | |
LSN | 0-691-08687-7 |