Advice, Social Learning and the Evolution of Conventions
Published on 9. March 2023
Book
Paperback/Softback
440 pages
978-1-009-04888-0 (ISBN)
Description
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.
Reviews / Votes
'This book is written by one of the leading scholars in Experimental Economics. Dozens of doctoral students have been supervised in the 'Andy Schotter School of Experimental Economics' at NYU. After graduating, they join a worldwide network that is at the forefront of research in this field. Young researchers should treat this book as ADVICE on how to pursue a fulfilling academic career in Experimental Economics.' Ariel Rubinstein, Tel Aviv University and New York University 'People usually communicate with others before making important choices. One form of communication is advice, particularly from trusted sources. A primary example is intergenerational advice, passed along from parents to children. Andrew Schotter is a pioneer regarding such advice in laboratory experiments. In this brilliant work, he describes how intergenerational advice plays out in a wide variety of environments. It is time for researchers to delve more deeply into this realm and this will help pave the way.' Gary Charness, University of California, Santa BarbaraMore details
Language
English
Place of publication
Cambridge
United Kingdom
Edition type
New edition
Product notice
Paperback (trade)
Illustrations
Worked examples or Exercises
Dimensions
Height: 225 mm
Width: 149 mm
Thickness: 23 mm
Weight
642 gr
ISBN-13
978-1-009-04888-0 (9781009048880)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Andrew Schotter
Advice, Social Learning and the Evolution of Conventions
E-Book
04/2024
Cambridge University Press
€32.99
Available for download
Andrew Schotter
Advice, Social Learning and the Evolution of Conventions
Book
03/2023
Cambridge University Press
€108.50
Shipment within 15-20 days
Person
Andrew Schotter is Professor of Economics and Director of the Center for Experimental Social Science at New York University.
Content
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.