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

AUTHOR Klineman, Kent; Klineman, Kent; Young, H. Peyton
PUBLISHER Tantor Audio (12/17/2024)
PRODUCT TYPE Audio (Compact Disc)

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.
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Product Format
Product Details
ISBN-13: 9798228337336
Binding: CD-Audio (CD Standard Audio Format)
Content Language: English
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Carton Quantity: 25
Feature Codes: Unabridged
Country of Origin: US
Subject Information
BISAC Categories
Business & Economics | Economics - Macroeconomics
Business & Economics | Economics - Theory
Descriptions, Reviews, Etc.
publisher marketing
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.
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