Spontaneous Order: How Norms, Institutions, and Innovations Emerge from the Bottom Up - Image 1

£113.31

Oxford University Press Spontaneous Order: How Norms, Institutions, and Innovations Emerge from the Bottom Up

Name: Spontaneous Order: How Norms, Institutions, and Innovations Emerge from the Bottom Up
Brand: Oxford University Press
Price: 113.31 GBP
Availability: InStock

Game Theory

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Description

Spontaneous Order brings together Peyton Young's research on evolutionary game theory and its diverse applications across a wide range of academic disciplines, including economics, sociology, philosophy, biology, computer science, and engineering. Enhanced with an introductory essay and commentaries, the book pulls together the author's work thematically to provide a valuable resource for scholars of economic theory. Young argues that equilibrium behaviors often coalesce from the interactions and experiences of many dispersed individuals acting with fragmentary knowledge of the world, rather than (as is often assumed in economics) from the actions of fully rational agents with commonly held beliefs. The author presents a unified and rigorous account of how such 'bottom-up' evolutionary processes work, using recent advances in stochastic dynamical systems theory. This analytical framework illuminates how social norms and institutions evolve, how social and technical innovations spread in society, and how these processes depend on adaptive learning behavior by human subjects.

Product Specifications

Brand: Oxford University Press
Format: hardcover
ASIN: 019889290X
Category: Books > Subjects > Science, Nature & Maths > Mathematics > Optimisation > Game Theory
Domain: Amazon UK
Release Date: 10 October 2024
Listed Since: 01 July 2024

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Oxford University Press Spontaneous Order: How Norms, Institutions, and Innovations Emerge from the Bottom Up

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