Summary Of Thomas C Schellings Micromotives And Macrobehavior

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Micromotives and Macrobehavior

Author : Thomas C. Schelling
Publisher : W. W. Norton & Company
ISBN 13 : 039306977X
Total Pages : 288 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Micromotives and Macrobehavior by : Thomas C. Schelling

Download or read book Micromotives and Macrobehavior written by Thomas C. Schelling and published by W. W. Norton & Company. This book was released on 2006-10-17 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Before Freakonomics and The Tipping Point there was this classic by the 2005 Nobel Laureate in Economics. "Schelling here offers an early analysis of 'tipping' in social situations involving a large number of individuals." —official citation for the 2005 Nobel Prize Micromotives and Macrobehavior was originally published over twenty-five years ago, yet the stories it tells feel just as fresh today. And the subject of these stories—how small and seemingly meaningless decisions and actions by individuals often lead to significant unintended consequences for a large group—is more important than ever. In one famous example, Thomas C. Schelling shows that a slight-but-not-malicious preference to have neighbors of the same race eventually leads to completely segregated populations. The updated edition of this landmark book contains a new preface and the author's Nobel Prize acceptance speech.

Choice and Consequence

Author : Thomas C. Schelling
Publisher : Harvard University Press
ISBN 13 : 0674255976
Total Pages : 384 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis Choice and Consequence by : Thomas C. Schelling

Download or read book Choice and Consequence written by Thomas C. Schelling and published by Harvard University Press. This book was released on 1985-10-15 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thomas Schelling is a political economist “conspicuous for wandering”—an errant economist. In Choice and Consequence, he ventures into the area where rationality is ambiguous in order to look at the tricks people use to try to quit smoking or lose weight. He explores topics as awesome as nuclear terrorism, as sordid as blackmail, as ineffable as daydreaming, as intimidating as euthanasia. He examines ethical issues wrapped up in economics, unwrapping the economics to disclose ethical issues that are misplaced or misidentified. With an ingenious, often startling approach, Schelling brings new perspectives to problems ranging from drug abuse, abortion, and the value people put on their lives to organized crime, airplane hijacking, and automobile safety. One chapter is a clear and elegant exposition of game theory as a framework for analyzing social problems. Another plays with the hypothesis that our minds are not only our problem-solving equipment but also the organ in which much of our consumption takes place. What binds together the different subjects is the author’s belief in the possibility of simultaneously being humane and analytical, of dealing with both the momentous and the familiar. Choice and Consequence was written for the curious, the puzzled, the worried, and all those who appreciate intellectual adventure.

The Strategy of Conflict

Author : Thomas C. Schelling
Publisher : Harvard University Press
ISBN 13 : 9780674840317
Total Pages : 332 pages
Book Rating : 4.8/5 (43 download)

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Book Synopsis The Strategy of Conflict by : Thomas C. Schelling

Download or read book The Strategy of Conflict written by Thomas C. Schelling and published by Harvard University Press. This book was released on 1980 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the nature of international disagreements and conflict resolution in terms of game theory and non-zero-sum games.

Summary of Thomas C. Schelling's Micromotives and Macrobehavior

Author : Everest Media,
Publisher : Everest Media LLC
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.8/5 (225 download)

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Book Synopsis Summary of Thomas C. Schelling's Micromotives and Macrobehavior by : Everest Media,

Download or read book Summary of Thomas C. Schelling's Micromotives and Macrobehavior written by Everest Media, and published by Everest Media LLC. This book was released on 2022-06-11T22:59:00Z with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please note: This is a companion version & not the original book. Sample Book Insights: #1 We can’t control where people sit in a auditorium, but we can control how they choose their seats. We can use this information to figure out what people were doing when they chose their seats. #2 The seating arrangement in the auditorium was a simple example of how people can be influenced by each other's behavior. If we know that people entering an auditorium have a sociable desire to sit near someone but always leave one empty seat between them, we can predict the pattern that will appear when the entire audience has arrived. #3 The system of interaction between individuals and their environment is what determines whether a simple summation or extrapolation can be made between individuals and their aggregates. Sometimes the results are surprising, and sometimes they are not easily guessed. #4 There are several hypotheses as to why people sit where they do. The most minimal is that nobody cares where they sit, as long as they aren’t in the very front. People sit toward the rear as most of the audience arrives, and then climb over seated people to occupy empty seats in the crowded section.

Schelling's Game Theory

Author : Robert Dodge
Publisher : OUP USA
ISBN 13 : 0199857202
Total Pages : 305 pages
Book Rating : 4.1/5 (998 download)

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Book Synopsis Schelling's Game Theory by : Robert Dodge

Download or read book Schelling's Game Theory written by Robert Dodge and published by OUP USA. This book was released on 2012-02-07 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nobel Prize winner Thomas Schelling taught a course in game theory and rational choice to advanced students and government officials for 45 years. In this book, Robert Dodge provides in language for a broad audience the concepts that Schelling taught. Armed with Schelling's understanding of game theory methods and his approaches to problems, the general reader can improve daily decision making.

Game Theory and Economic Modelling

Author : David M. Kreps
Publisher : Oxford University Press
ISBN 13 : 0198283814
Total Pages : 204 pages
Book Rating : 4.1/5 (982 download)

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Book Synopsis Game Theory and Economic Modelling by : David M. Kreps

Download or read book Game Theory and Economic Modelling written by David M. Kreps and published by Oxford University Press. This book was released on 1990 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprises lectures given at Tel Aviv University and Oxford University in 1990.

Strategies of Commitment and Other Essays

Author : Thomas C. Schelling
Publisher : Harvard University Press
ISBN 13 : 9780674025677
Total Pages : 368 pages
Book Rating : 4.0/5 (256 download)

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Book Synopsis Strategies of Commitment and Other Essays by : Thomas C. Schelling

Download or read book Strategies of Commitment and Other Essays written by Thomas C. Schelling and published by Harvard University Press. This book was released on 2006 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: All of the essays in this new collection by Thomas Schelling convey his unique perspective on individuals and society. Schelling, a 2005 Nobel Prize winner, has been one of the four or five most important social scientists of the past fifty years, and this collection shows why.

The Strategy of Conflict

Author : Thomas C. Schelling
Publisher :
ISBN 13 :
Total Pages : 324 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis The Strategy of Conflict by : Thomas C. Schelling

Download or read book The Strategy of Conflict written by Thomas C. Schelling and published by . This book was released on 1960 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: No background in mathematics needed, but some knowledge of game theory useful.

In Praise of Commercial Culture

Author : Tyler COWEN
Publisher : Harvard University Press
ISBN 13 : 0674029933
Total Pages : 289 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis In Praise of Commercial Culture by : Tyler COWEN

Download or read book In Praise of Commercial Culture written by Tyler COWEN and published by Harvard University Press. This book was released on 2009-06-30 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does a market economy encourage or discourage music, literature, and the visual arts? Do economic forces of supply and demand help or harm the pursuit of creativity? This book seeks to redress the current intellectual and popular balance and to encourage a more favorable attitude toward the commercialization of culture that we associate with modernity. Economist Tyler Cowen argues that the capitalist market economy is a vital but underappreciated institutional framework for supporting a plurality of co-existing artistic visions, providing a steady stream of new and satisfying creations, supporting both high and low culture, helping consumers and artists refine their tastes, and paying homage to the past by capturing, reproducing, and disseminating it. Contemporary culture, Cowen argues, is flourishing in its various manifestations, including the visual arts, literature, music, architecture, and the cinema. Successful high culture usually comes out of a healthy and prosperous popular culture. Shakespeare and Mozart were highly popular in their own time. Beethoven's later, less accessible music was made possible in part by his early popularity. Today, consumer demand ensures that archival blues recordings, a wide array of past and current symphonies, and this week's Top 40 hit sit side by side in the music megastore. High and low culture indeed complement each other. Cowen's philosophy of cultural optimism stands in opposition to the many varieties of cultural pessimism found among conservatives, neo-conservatives, the Frankfurt School, and some versions of the political correctness and multiculturalist movements, as well as historical figures, including Rousseau and Plato. He shows that even when contemporary culture is thriving, it appears degenerate, as evidenced by the widespread acceptance of pessimism. He ends by considering the reasons why cultural pessimism has such a powerful hold on intellectuals and opinion-makers.

The Risks of Terrorism

Author : W. Kip Viscusi
Publisher : Springer Science & Business Media
ISBN 13 : 9781402077340
Total Pages : 160 pages
Book Rating : 4.0/5 (773 download)

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Book Synopsis The Risks of Terrorism by : W. Kip Viscusi

Download or read book The Risks of Terrorism written by W. Kip Viscusi and published by Springer Science & Business Media. This book was released on 2003-12-31 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zeckhauser, amongst others. Book jacket.

Land of the Cosmic Race

Author : Christina A. Sue
Publisher : Oxford University Press, USA
ISBN 13 : 019992550X
Total Pages : 247 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis Land of the Cosmic Race by : Christina A. Sue

Download or read book Land of the Cosmic Race written by Christina A. Sue and published by Oxford University Press, USA. This book was released on 2013-03-07 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land of the Cosmic Race is a richly-detailed ethnographic account of the powerful role that race and color play in organizing the lives and thoughts of ordinary Mexicans. It presents a previously untold story of how individuals in contemporary urban Mexico construct their identities, attitudes, and practices in the context of a dominant national belief system. The book centers around Mexicans' engagement with three racialized pillars of Mexican national ideology - the promotion of race mixture, the assertion of an absence of racism in the country, and the marginalization of blackness in Mexico. The subjects of this book are mestizos - the mixed-race people of Mexico who are of Indigenous, African, and European ancestry and the intended consumers of this national ideology. Land of the Cosmic Race illustrates how Mexican mestizos navigate the sea of contradictions that arise when their everyday lived experiences conflict with the national stance and how they manage these paradoxes in a way that upholds, protects, and reproduces the national ideology. Drawing on a year of participant observation, over 110 interviews, and focus-groups from Veracruz, Mexico, Christina A. Sue offers rich insight into the relationship between race-based national ideology and the attitudes and behaviors of mixed-race Mexicans. Most importantly, she theorizes as to why elite-based ideology not only survives but actually thrives within the popular understandings and discourse of those over whom it is designed to govern.

The Model Thinker

Author : Scott E. Page
Publisher : Basic Books
ISBN 13 : 0465094635
Total Pages : 585 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis The Model Thinker by : Scott E. Page

Download or read book The Model Thinker written by Scott E. Page and published by Basic Books. This book was released on 2018-11-27 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: Work with data like a pro using this guide that breaks down how to organize, apply, and most importantly, understand what you are analyzing in order to become a true data ninja. From the stock market to genomics laboratories, census figures to marketing email blasts, we are awash with data. But as anyone who has ever opened up a spreadsheet packed with seemingly infinite lines of data knows, numbers aren't enough: we need to know how to make those numbers talk. In The Model Thinker, social scientist Scott E. Page shows us the mathematical, statistical, and computational models—from linear regression to random walks and far beyond—that can turn anyone into a genius. At the core of the book is Page's "many-model paradigm," which shows the reader how to apply multiple models to organize the data, leading to wiser choices, more accurate predictions, and more robust designs. The Model Thinker provides a toolkit for business people, students, scientists, pollsters, and bloggers to make them better, clearer thinkers, able to leverage data and information to their advantage.

Prisoner's Dilemma

Author : William Poundstone
Publisher : Anchor
ISBN 13 : 038541580X
Total Pages : 321 pages
Book Rating : 4.3/5 (854 download)

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Book Synopsis Prisoner's Dilemma by : William Poundstone

Download or read book Prisoner's Dilemma written by William Poundstone and published by Anchor. This book was released on 1993-01-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: A masterful work of science writing that’s "both a fascinating biography of von Neumann, the Hungarian exile whose mathematical theories were building blocks for the A-bomb and the digital computer, and a brilliant social history of game theory and its role in the Cold War and nuclear arms race" (San Francisco Chronicle). Should you watch public television without pledging?...Exceed the posted speed limit?...Hop a subway turnstile without paying? These questions illustrate the so-called "prisoner's dilemma", a social puzzle that we all face every day. Though the answers may seem simple, their profound implications make the prisoner's dilemma one of the great unifying concepts of science. Watching players bluff in a poker game inspired John von Neumann—father of the modern computer and one of the sharpest minds of the century—to construct game theory, a mathematical study of conflict and deception. Game theory was readily embraced at the RAND Corporation, the archetypical think tank charged with formulating military strategy for the atomic age, and in 1950 two RAND scientists made a momentous discovery. Called the "prisoner's dilemma," it is a disturbing and mind-bending game where two or more people may betray the common good for individual gain. Introduced shortly after the Soviet Union acquired the atomic bomb, the prisoner's dilemma quickly became a popular allegory of the nuclear arms race. Intellectuals such as von Neumann and Bertrand Russell joined military and political leaders in rallying to the "preventive war" movement, which advocated a nuclear first strike against the Soviet Union. Though the Truman administration rejected preventive war the United States entered into an arms race with the Soviets and game theory developed into a controversial tool of public policy—alternately accused of justifying arms races and touted as the only hope of preventing them. Prisoner's Dilemma is the incisive story of a revolutionary idea that has been hailed as a landmark of twentieth-century thought.

Interpersonal Relations

Author : Prof. Dr. Bilal Semih Bozdemir
Publisher : Prof. Dr. Bilal Semih Bozdemir
ISBN 13 :
Total Pages : 439 pages
Book Rating : 4./5 ( download)

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Book Synopsis Interpersonal Relations by : Prof. Dr. Bilal Semih Bozdemir

Download or read book Interpersonal Relations written by Prof. Dr. Bilal Semih Bozdemir and published by Prof. Dr. Bilal Semih Bozdemir. This book was released on with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: To understand the influence of industrialization on interpersonal relations, it is crucial to analyze the structural shifts that characterized this period. The rise of factories and mass production methods meant that large numbers of workers were concentrated in urban centers, leading to the emergence of a new social order. The factory system created environments where individuals from diverse backgrounds interacted on a daily basis, fostering new forms of social relationships and networks. However, this proximity did not necessarily translate into solidarity or community. Indeed, the rapid urbanization often bred isolation and alienation as individuals were uprooted from their traditional communities and support systems, leading to feelings of disconnection in the bustling city life. Moreover, the hierarchical structures of industrial workplaces altered the dynamics of interpersonal relations. In contrast to the more egalitarian social structures prevalent in agrarian societies, the industrial era saw the rise of a distinctly stratified social order. Employers and managers wielded significant power over their employees, shaping the nature of interactions within the workplace as well as in the broader community. The relationship between labor and management became characterized by conflict, negotiation, and sometimes antagonism, particularly as workers began to organize for better conditions and rights. The labor movement and the establishment of trade unions not only transformed the nature of work but also redefined interpersonal relations, as collective action provided a platform for workers to unite and interact in new ways, fostering solidarity among individuals who had previously been isolated in their struggles.

The Moon and the Ghetto

Author : Richard R. Nelson
Publisher : New York : Norton
ISBN 13 : 9780393091731
Total Pages : 159 pages
Book Rating : 4.0/5 (917 download)

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Book Synopsis The Moon and the Ghetto by : Richard R. Nelson

Download or read book The Moon and the Ghetto written by Richard R. Nelson and published by New York : Norton. This book was released on 1977-01-01 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Animal Spirits

Author : George A. Akerlof
Publisher : Princeton University Press
ISBN 13 : 1400834724
Total Pages : 261 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Animal Spirits by : George A. Akerlof

Download or read book Animal Spirits written by George A. Akerlof and published by Princeton University Press. This book was released on 2010-02-01 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: From acclaimed economists George Akerlof and Robert Shiller, the case for why government is needed to restore confidence in the economy The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government—simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life—such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes—and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them. Animal Spirits offers a road map for reversing the financial misfortunes besetting us today. Read it and learn how leaders can channel animal spirits—the powerful forces of human psychology that are afoot in the world economy today. In a new preface, they describe why our economic troubles may linger for some time—unless we are prepared to take further, decisive action.

Discovering Prices

Author : Paul Milgrom
Publisher : Columbia University Press
ISBN 13 : 023154457X
Total Pages : 222 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Discovering Prices by : Paul Milgrom

Download or read book Discovering Prices written by Paul Milgrom and published by Columbia University Press. This book was released on 2017-05-23 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith’s famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What’s needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource-allocation problems.