Spontaneous Order

How Norms, Institutions, and Innovations Emerge from the Bottom Up

H Peyton Young author

Format:Hardback

Publisher:Oxford University Press

Published:10th Oct '24

Currently unavailable, and unfortunately no date known when it will be back

Spontaneous Order cover

Spontaneous Order brings together Peyton Young's research on evolutionary game theory and its diverse applications across a wide range of academic disciplines, including economics, sociology, philosophy, biology, computer science, and engineering. Enhanced with an introductory essay and commentaries, the book pulls together the author's work thematically to provide a valuable resource for scholars of economic theory. Young argues that equilibrium behaviors often coalesce from the interactions and experiences of many dispersed individuals acting with fragmentary knowledge of the world, rather than (as is often assumed in economics) from the actions of fully rational agents with commonly held beliefs. The author presents a unified and rigorous account of how such 'bottom-up' evolutionary processes work, using recent advances in stochastic dynamical systems theory. This analytical framework illuminates how social norms and institutions evolve, how social and technical innovations spread in society, and how these processes depend on adaptive learning behavior by human subjects.

This volume weaves the author's papers together, with new commentary and perspective, into a coherent whole that well exceeds the sum of its parts. The relevant audience is broad, as is the range of questions and techniques that appear in the volume. This is must reading, from a pioneer and leading contributor to the field, for anyone interested in the emergence of cooperation, social norms, and institutions. * Larry Samuelson, A. Douglas Melamed Professor of Economics, Yale University *
The question of how meaningful patterns of collective behavior-in a word 'order'-emerges out of the mess of uncoordinated individual beliefs, preferences, and information, lies at the heart of social science; and nobody has thought about this question more deeply than Peyton Young. In this one volume he has distilled decades of insights, bending rigorous mathematical models with simulations, experiments, and field data. The result will challenge and inspire students and experts alike. * Duncan Watts, Stevens University and Penn Integrates Knowledge Professor, University of Pennsylvania *
These essays are fundamental contributions to the theory of the dynamics underlying the emergence of Social Norms. They are essential for anyone in the field. * Brian Skyrms, author of The Stag Hunt and the Evolution of Social Structure *

ISBN: 9780198892908

Dimensions: 240mm x 165mm x 30mm

Weight: 754g

400 pages