Micromotives And Macrobehavior
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Micromotives and Macrobehavior
Author: Thomas C. Schelling
language: en
Publisher: W. W. Norton & Company
Release Date: 2006-10-17
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.
Strategy and Choice
These essays by contributors from disciplines ranging from economics to psychology present the most significant advances in strategic choice theory. In three parts the book addresses many-player, few-player and one-player situations.
Summary of Thomas C. Schelling's Micromotives and Macrobehavior
Author: Everest Media,
language: en
Publisher: Everest Media LLC
Release Date: 2022-06-11T22:59:00Z
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.