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Micromotives and Macrobehavior

Micromotives and Macrobehavior

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Product Code:
1411-01
ISBN
978-619-152-490-7
SKU
13.0080
Year
15-09-2014
Translation
from English: Albena Cherelova
Pages
264
Size
140/215 мм
Weight
0.35 kg
Cover Type
Paperback
Genre
Banking System & Finance, Economics, Capital & Funds

Thomas C. Schelling

Thomas C. Schelling

Thomas Crombie Schelling (1921–2016) was an American economist and professor of foreign policy, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park. He was also co-faculty at the New England Complex Systems Institute. He was awarded the 2005 Nobel Memorial Prize in Economic Sciences(shared with Robert Aumann) for "having enha…

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Before Freakonomics and The Tipping Point there was this classic by the 2005 Nobel Laureate in Economics.

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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