Andrew Schotter (New York University)

Advice, Social Learning and the Evolution of Conventions (eBook, PDF)

• Format: PDF

Produktbeschreibung

As societies progress, old generations of social agents die and are replaced by new ones. This book explores what happens in this transition as the old guard instructs the new arrivals about the wisdom of their ways. Do new entrants listen and follow the advice of their elders or dismiss it? Is intergenerational advice welfare improving or can it be destructive? Does such advice enhance the stability of social conventions or disrupt it? Using the concept of an Intergenerational Game and the tools of game theory and experimental economics, this study delves into the process of social leaning created by intergenerational advice passed from generation to generation. This book presents a unique theoretical and empirical study of the dynamics of social conventions not offered elsewhere.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 11. April 2024
• ISBN-13: 9781009058957
• Artikelnr.: 70912090

Autorenporträt

Andrew Schotter is Professor of Economics and Director of the Center for Experimental Social Science at New York University.

Inhaltsangabe

1. Introduction
Part I. Background: 2. Advice
3. Conventions, social learning, and Intergenerational games
Part II. Coordination, Distribution, and Trust Conventions: 4. On the evolution of co-ordination and inequality preserving conventions- -the battle of the sexes revisited
5. Conventional behavior and bargaining - - advice and behavior in intergenerational
6. Trust and trustworthiness
Part III. The Impact of Public Advice and Common Knowledge: 7. The impact of private and public advice in the minimum effort game
8. Advice and common knowledge in the 2/3rd's guessing game: does advice increase strategic sophistication
Part IV. The Value of Advice: 9. Learning with the advice of a meddlesome boss
10. Advice and social learning
11. The market for advice
Part V. Advice and Economic Mechanisms: 12. Chatting and matching
13. School matching and learning under the influence of intergenerational advice
14. Conclusions.