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Chapter 3: Equilibrium Norms

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Release : 2006
Genre : Equilibrium (Economics)
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Chapter 3: Equilibrium Norms by : Howard Margolis

Download or read book Chapter 3: Equilibrium Norms written by Howard Margolis. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt:

Game Theory and Society

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Release : 2017-12-14
Genre : Business & Economics
Kind : eBook
Book Rating : 977/5 ( reviews)

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Book Synopsis Game Theory and Society by : Weiying Zhang

Download or read book Game Theory and Society written by Weiying Zhang. This book was released on 2017-12-14. Available in PDF, EPUB and Kindle. Book excerpt: The progress of society can only happen through interpersonal cooperation, because only cooperation can bring about mutual benefit, thus bringing happiness to each person. This should be our collective rationality, but we often see it conflicts with individual interests, which leads to the so-called "Prisoners’ Dilemma" and does not bring happiness to all. From a game theoretical perspective, this book addresses the issue of how people can cooperate better. It has two objectives. The first is to use common language to systematically introduce the basic methodologies and core conclusions of Game Theory, including the Nash equilibrium, multiple equilibriums, dynamic games, etc. Mathematics and theoretical models are used to the minimum necessary scope too, to make this book get access to ordinary readers with elementary mathematical training. The second objective is to utilize these methods and conclusions to analyze various Chinese social issues and institutional arrangements, with a focus on the reasons people exhibit non-cooperative behaviors as well as the institutions and cultures that promote interpersonal cooperation. In addition to economics, specialists in sociology, law, history, politics and management will also be attracted by this book for its insightful analysis on the issue of cooperation in these fields. Also, readers curious about Chinese society will benefit from this book.

Individuality and Entanglement

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Release : 2016-11-08
Genre : Business & Economics
Kind : eBook
Book Rating : 919/5 ( reviews)

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Book Synopsis Individuality and Entanglement by : Herbert Gintis

Download or read book Individuality and Entanglement written by Herbert Gintis. This book was released on 2016-11-08. Available in PDF, EPUB and Kindle. Book excerpt: A richly transdisciplinary account of some fundamental characteristics of human societies and behavior In this book, acclaimed economist Herbert Gintis ranges widely across many fields—including economics, psychology, anthropology, sociology, moral philosophy, and biology—to provide a rigorous transdisciplinary explanation of some fundamental characteristics of human societies and social behavior. Because such behavior can be understood only through transdisciplinary research, Gintis argues, Individuality and Entanglement advances the effort to unify the behavioral sciences by developing a shared analytical framework—one that bridges research on gene-culture coevolution, the rational-actor model, game theory, and complexity theory. At the same time, the book persuasively demonstrates the rich possibilities of such transdisciplinary work. Everything distinctive about human social life, Gintis argues, flows from the fact that we construct and then play social games. Indeed, society itself is a game with rules, and politics is the arena in which we affirm and change these rules. Individuality is central to our species because the rules do not change through inexorable macrosocial forces. Rather, individuals band together to change the rules. Our minds are also socially entangled, producing behavior that is socially rational, although it violates the standard rules of individually rational choice. Finally, a moral sense is essential for playing games with socially constructed rules. People generally play by the rules, are ashamed when they break the rules, and are offended when others break the rules, even in societies that lack laws, government, and jails. Throughout the book, Gintis shows that it is only by bringing together the behavioral sciences that such basic aspects of human behavior can be understood.

The Rules of the Game

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Release : 1996
Genre : Business & Economics
Kind : eBook
Book Rating : 180/5 ( reviews)

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Book Synopsis The Rules of the Game by : Ronald I. McKinnon

Download or read book The Rules of the Game written by Ronald I. McKinnon. This book was released on 1996. Available in PDF, EPUB and Kindle. Book excerpt: The Rules of the Game brings together essays written over the course of thirty years by a major figure in the field. McKinnon analyzes and compares a wide variety of important international monetary regimes: the establishment of the gold standard in the nineteenth century, Bretton Woods, the dollar standard, floating exchange rates, the European Monetary System, and current proposals for reforming world monetary arrangements. The essays are unique in that they specify precisely the rules of the game for each international monetary regime - past, present, and future. For ease of reference, the book offers boxed summaries of each set of rules and then discusses their advantages and disadvantages, from the gold standard down to the author's proposal for a common monetary standard for the twenty-first century.

The Foundations of Behavioral Economic Analysis

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Release : 2019-07-03
Genre : Business & Economics
Kind : eBook
Book Rating : 513/5 ( reviews)

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Book Synopsis The Foundations of Behavioral Economic Analysis by : Sanjit Dhami

Download or read book The Foundations of Behavioral Economic Analysis written by Sanjit Dhami. This book was released on 2019-07-03. Available in PDF, EPUB and Kindle. Book excerpt: This fourth volume of The Foundations of Behavioral Economic Analysis covers behavioral game theory. It is an essential guide for advanced undergraduate and postgraduate students seeking a concise and focused text on this important subject, and examines the evidence on classical game theory and several models of behavioral game theory, including level-k and cognitive hierarchy models, quantal response equilibrium, and psychological game theory. This updated extract from Dhami's leading textbook allows the reader to pursue subsections of this vast and rapidly growing field and to tailor their reading to their specific interests in behavioural economics.

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