
Micromotives And Macrobehavior
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 PrizeMicromotives and Macrobehavior was originally published over twenty-five years ago, yet the stories it tells feel just as fresh today. ...
Paperback: 272 pages
Publisher: W. W. Norton & Company; Revised edition (October 17, 2006)
Language: English
ISBN-10: 0393329461
ISBN-13: 978-0393329469
Product Dimensions: 5.6 x 0.8 x 8.3 inches
Amazon Rank: 101396
Format: PDF Text TXT ebook
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“People take decisions, based on their environment, which is compromised of the decisions others have taken, based on their environment, and so on... Sometimes people have no information beforehand, so they have to guess what will the rest decide. For...”
nd 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.
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