This book explores how individual actions coordinate to produce
unintended social consequences. In the past this phenomenon has
been explained as the outcome of rational, self-interested
individual behaviour. Professor Bicchieri shows that this is in no
way a satisfying explanation. She discusses how much knowledge is
needed by agents in order to coordinate successfully. If the answer
is unbounded knowledge, then a whole variety of paradoxes arise. If
the answer is very little knowledge, then there seems hardly any
possibility of attaining coordination. The solution to coordination
and cooperation is for agents to learn about each other. The author
concludes that rationality must be supplemented by models of
learning and by an evolutionary account of how social order (i.e.
spontaneous coordinated behaviour) can persist.
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