Micromotives and Macrobehavior #2020

Micromotives and Macrobehavior Thomas C. Schelling Micromotives and Macrobehavior Schelling here offers an early analysis of tipping in social situations involving a large number of individuals official citation for the Nobel PrizeMicromotives and Macrobehavior was originally

  • Title: Micromotives and Macrobehavior
  • Author: Thomas C. Schelling
  • ISBN: 9780393329469
  • Page: 482
  • Format: Paperback
  • Micromotives and Macrobehavior Thomas C. Schelling Schelling here offers an early analysis of tipping in social situations involving a large number of individuals official citation for the 2005 Nobel PrizeMicromotives 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 a Schelling here offers an early analysis of tipping in social situations involving a large number of individuals official citation for the 2005 Nobel PrizeMicromotives 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 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.
    Micromotives and Macrobehavior Thomas C. Schelling

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    One thought on “Micromotives and Macrobehavior”

    1. It s hard to know exactly how I would feel about this book if I hadn t had phd level micro economic theory before Schelling doesn t assume a strong background in economics or game theory, and it seems to me , he takes up a great deal of time explaining concepts like multiple equilibria, externalities, best response functions although he doesn t characterize them that way , and the prisoner s dilemma clearly and carefully Someone with a phd level economics background might become bogged down in t [...]

    2. Although this is definitely a classic book, I have to say that I did not enjoy reading it very much Published in 78, it s the spiritual forebear of Freakonomics, in that it is about applying economic reasoning and analysis to situations that don t involve the exchange of money for goods and services I m not even really a fan of Freakonomics, but it is enjoyable than MM because it focuses heavily on specific real world issues Schelling s book is entirely hypothetical He discusses some issues of [...]

    3. Yah, begitulah peraih Nobel Ekonomi ini Game Theory itu tak lebih dari sekedar prasangka sajaDirekomendasikan kepada Orang kiri yang mau membaca sastra orang kanan.

    4. I found Schelling s book to be rather light reading, but that didn t stop it from being both enjoyable and informative Even though the ideas he presents aren t that deep, he does a really good job of teasing out really interesting examples in which intuitive hypotheses lead to very unintuitive results Like some other reviewers, I thought that the book didn t really hold together as a unified whole, but that wasn t a huge problem The Nobel Prize lecture, disconnected as it was, was very interesti [...]

    5. Schelling provides some interesting insight on a myriad of economic social issues through the lens of an economist There are certainly entertaining books written by economists, but this book is worth reading.

    6. The fact that individual preferences or actions can lead to unintended or non designed aggregate social outcomes is a fundamental idea in economics After all, this is exactly what Smith was on about when he described the order borne out of each individual s economic decisions as being seemingly guided by an invisible hand Another result economists are aware of, despite the popular conception of the invisible hand , is that the aggregate outcome or order resulting from individual choices need not [...]

    7. This book taught me to think a little analytically about what happens in standard situations when individual, free choices lead to aggregate behaviours that nobody wants.Schelling warns the reader that every depicted function is nothing than what it is a model, an ideal scenario, free from its subtle, but no less important features Schelling s functions aim at illustrating the kind of analysis that is needed, some of the phenomena to be anticipated, and some of the questions worth asking typic [...]

    8. This work of Schelling as any by him has enhanced our understanding of conflict and cooperation through game theoretic analysis.This great work even with its moderate page size deals with a great array of problems from showing how small negligible preferences can lead to great aggregate outcomes like when analyzing segregation and the dying seminar,to quick but intriguing analysis of models and families of models to equilibrium analysis,to the extension of the prisoner dilemma to n players and g [...]

    9. Chapter 7 binary choice multi person prisoner s dilemma is enough to make you buy this book The Nobel lecture on deterrence has a nostalgic feel to it.

    10. Interesting take on aggregate decision making I would have liked if he had proposed ways to influence the group for the highest social effect.

    11. The author argues that there is no presumption that self serving behaviors of individuals will lead to a collectively satisfactory result.Economics is unique in that everyone interacts with the system in a multitude of ways The author wishes to explore the understanding if these interactions through the introduction of a plethora of different social interaction and group dynamic models.Critical mass is the amount if fissile material undergoing fusion that can energetically sustain itself The aut [...]

    12. I sought out this book hoping to gain insights into the preconditions that can produce sudden, violent market moves Other than identifying the obvious, that the actions of an individual can be conditional on the actions of others, there was little help for the original quest Having said that, the examples are creative enough to give a broadened perspective on the importance of game theory situations to human decision making The included Nobel Prize acceptance lecture concerned the likelihood of [...]

    13. I have mixed feelings for this book In chapter one and two, the author gives many different examples, but not in depth insights into each of those So, it is a sort of boring However, the author successfully illustrates how the concept of critical mass from physics can be applied to human behaviors Chapter four interests me in that the mechanism of racial residential segregation explains geographic phenomena Chapter seven is the most interesting part the author introduces the concept of uniform m [...]

    14. I was disappointed by this book I stopped reading closely about 32% of the way, and started skimming the chapters This book is very well written, and assumes almost nothing That was part of the problem it was tedious to work through While I appreciated revisiting some very basic assumptions, revisiting tautologies such as the basic invariants in double entry bookkeeping quickly got tedious So I gave up Even the Nobel lecture reproduced as the final chapter was not particularly insightful I m dis [...]

    15. This is the second time I started reading this book, and it s the second time I had to stop early Today we have a lot of books that cast a wide net over the social sciences I thought it would be fun to read this book, which was decades ahead of the trend.But as much as I like to make fun of Malcolm Gladwell, his books and their ilk are better While Micromotives makes a lot of interesting observations, it does not have the breadth of examples and diagrams that the current generation has.I did enj [...]

    16. The book itself is interesting, however, if you have had an extensive introduction to microeconomics before, you ve covered a lot of it already Further, I would have loved a mathematical appendix, where he actually shows the calculations formally and proves some of his statements At times I kept thinking about a problem fairly long until realizing that his understanding of the situation, i.e his basic assumptions, were simply different than mine Definitely not the path breaking book I thought it [...]

    17. An excellent read This is the seminal work on modelling of social phenomena As economists go, Schelling is an accessible writer, with an understated wit What little math is included is definitelymanageable basic algebra so your head won t explode, and the examples that Schelling includes do shed great light on the principles he discusses.The final chapter, on binary choices which influence others, did get a bit thick a significantly academic approach I m going to have to reread that.

    18. There are many names you should know associated with game theory Schelling is definitely one of them This book is theoretically super important and informative, but unfortunately not an interesting read for general audience Games can be seen everywhere, ranging from seating in the cinemas, racial segregation and international politics Schelling discussed them all No math, but models and modeling thinking can be seen in each page of the book.

    19. the book has great insights and mental models about how individual behaviors affect collective behaviors in a way that sometimes is counterintuitive.The contributions the author has made to better understand segregation and discrimination are of huge importance.The quibble I have is that the author often beat around the bushes too much in trying to explain his point and that makes the reading to be very exhausting at some points.

    20. I really wanted to like this book so much I m very interested in the subject and I had high expectations Maybe I m too used to pop sciencey books, but I didn t enjoy the presentation at all It s unorganized, it drowns the really interesting points in whole sections of very detailed models that didn t manage to keep my interest, so I skipped a lot of parts The conclusion sounds like it s from a different story and there s just no common point uniting this as a memorable book.

    21. A book about tipping before The Tipping Point became faddish.Not quite as easy reading as the recent books Gladwell and others , coz this is written like a course book I took a while to get through it, but found it insightful in explaining human behaviour in different situations again, telling that the book was written before behavioural science became faddish

    22. I should have liked this book As it was it is a good primer to trends, analysis and how social theory Its a little dated but still mostly readable There are times when the book does slog though the examples aren t always well described and sometimes the writing feels forced Still, its one of those books that many people reference so its good to know the source.

    23. I m sure this is a great book, it seems like a Malcolm Gladwell esque except actually factual and rigorous exploration of social behavior, it just wasn t what I was looking for I wanted a book that was about agent based modeling So I just skimmed it But I m sure if I wanted to take the time I would have enjoyed it.

    24. quite an interesting book about micromotives and behaviorswe do what we wish want to do as much as we express in microexpression larger contexttions are acting very obvious on what their invasion motives in which can be seen in daily livesbut have we noticed that have we done anything to stop or have we find the time to know the truth most people don t, so small portions do

    25. It was quite refreshing rather than being overly math intensive, it focused on behavioral psychology and the role society s choices play in our individual decisions Plus, it was entertaining how out of date it is

    26. 129 pages in and it s still a very interesting read I am amazed at how much is going on behind the scenes during normal, everyday interactions It has given me a new outlook on social interactions and I will see it through to the end of the book

    27. Amazing A book I will probably come back to as I see examples of the concepts in everyday life The central idea that individual incentives often lead to collective results that aren t favorable is challenging, simple and profound when you consider the examples in the book.

    28. parts can be a bit of a slog so it s not the funnest book to read tho there are moments of real insight and interest

    29. phenomenal I only read a portion for my course, but it was the best reading of the semester insightful and easy to read highly recommend

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