Personal Strategy and Social Structure: The Evolutionary Theory of Institutions

Author: (USA) Young, H.P.
Publisher:
Publish Date: 2004-04-01
Features: This book is slightly expanded based on the series of lectures given by the author at the Economics Summer Program at the Institute for Advanced Study, Hebrew University, in June 1995. The book has two purposes. One is to propose new directions for the development of game theory, where players will not be irrational, and information will be incomplete. The second purpose is to demonstrate how this framework can be applied to the study of socio-economic institutions. This book is part of the "When Economics Translates" series and is a Chinese translation of the seminal work of Peter Young, an authoritative scholar in the field of institutional analysis in game theory. It is considered the most significant, systematic, innovative, and highest theoretical achievement in the field of institutional analysis in game theory to date.