Rationality and Coordination (Cambridge Studies in Probability, Induction and Decision Theory) - Image 1

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Cambridge University Press Rationality and Coordination (Cambridge Studies in Probability, Induction and Decision Theory)

Name: Rationality and Coordination (Cambridge Studies in Probability, Induction and Decision Theory)
Brand: Cambridge University Press
Price: 29.59 GBP
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Description

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.

Product Specifications

Brand: Cambridge University Press
Format: paperback
ASIN: 0521574447
Category: Books > Subjects > Business, Finance & Law > Management > Management Skills > Decision Making
Domain: Amazon UK
Release Date: 19 June 1997
Listed Since: 16 December 2006

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Cambridge University Press Rationality and Coordination (Cambridge Studies in Probability, Induction and Decision Theory)

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It has never been this cheap. We have no record of a lower price.

Cambridge University Press Rationality and Coordination (Cambridge Studies in Probability, Induction and Decision Theory)

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Price Analysis

Description

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