Micromotives and Macrobehavior (Fels Lectures on Public Policy Analysis)

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9780393329469: Micromotives and Macrobehavior (Fels Lectures on Public Policy Analysis)
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"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.

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Schelling's [book] transformed the way many economists think about the relationship between competition and social welfare.--Robert H. Frank

Synopsis:

Originally published over twenty-five years ago, "Micromotives and Macrobehavior" still feels 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 neighbours of the same race eventually leads to completely segregated populations. The updated edition contains a new preface and the author's Nobel Prize acceptance speech.

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9780393090093: Micromotives and Macrobehavior: 0 (Fels Lectures on Public Policy Analysis)

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ISBN 10: 0393090094 ISBN 13: 9780393090093
Publisher: W. W. Norton & Company, 1978
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9780393057010: Micromotives and Macrobehavior

W. W. ..., 1978
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