Micromotives and Macrobehavior revised

Micromotives and Macrobehavior revised

by Thomas C Schelling (Author)

Synopsis

"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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More Information

Format: Illustrated
Pages: 272
Edition: Illustrated
Publisher: W. W. Norton & Company
Published: 27 Oct 2006

ISBN 10: 0393329461
ISBN 13: 9780393329469

Media Reviews
Schelling's [book] transformed the way many economists think about the relationship between competition and social welfare. -- Robert H. Frank - New York Times
Author Bio
Thomas C. Schelling (1921-2016) was the co-winner of the 2005 Nobel Memorial Prize for Economic Science and the Distinguished University Professor Emeritus of Economics and Public Policy at the University of Maryland.