H. Peyton Young's Books

Equity

In Theory and Practice

By: H. Peyton Young

Write a review Read reviews Take a Quiz Solve Book Puzzle

Equity

In Theory and Practice

By: H. Peyton Young

Governments and institutions, perhaps even more than markets, determine who gets what in our society. They make the crucial choices about who pays the taxes, who gets into college, who gets medical care, who gets drafted, where the hazardous waste dump is sited, and how much we pay for public services. Debate about these issues inevitably centers on the question of whether the solution is "fair." In this book, H. Peyton Young offers a systematic explanation of what we mean by fairness in distributing public resources and burdens, and applies the theory to actual cases.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

258

Publisher

Princeton University Press

Published Date

ISBN 10

0691214050

ISBN 13

9780691214054

Spontaneous Order

How Norms, Institutions, and Innovations Emerge from the Bottom Up

By: H. Peyton Young

Write a review Read reviews Take a Quiz Solve Book Puzzle

Spontaneous Order

How Norms, Institutions, and Innovations Emerge from the Bottom Up

By: H. Peyton Young

Spontaneous Order brings together Peyton Young's research on evolutionary game theory and its diverse applications across a wide range of academic disciplines, including economics, sociology, philosophy, biology, computer science, and engineering. Enhanced with an introductory essay and commentaries, the book pulls together the author's work thematically to provide a valuable resource for scholars of economic theory. Young argues that equilibrium behaviors often coalesce from the interactions and experiences of many dispersed individuals acting with fragmentary knowledge of the world, rather than (as is often assumed in economics) from the actions of fully rational agents with commonly held beliefs. The author presents a unified and rigorous account of how such 'bottom-up' evolutionary processes work, using recent advances in stochastic dynamical systems theory. This analytical framework illuminates how social norms and institutions evolve, how social and technical innovations spread in society, and how these processes depend on adaptive learning behavior by human subjects.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

401

Publisher

Oxford University Press

Published Date

ISBN 10

0198892993

ISBN 13

9780198892991

Individual Strategy and Social Structure

An Evolutionary Theory of Institutions

By: H. Peyton Young

Write a review Read reviews Take a Quiz Solve Book Puzzle

Individual Strategy and Social Structure

An Evolutionary Theory of Institutions

By: H. Peyton Young

Neoclassical economics as-sumes that people are highly rational and can reason their way through even the most complex economic problems. In Individual Strategy and Social Structure, Peyton Young argues for a more realistic view in which people have a limited understanding of their environment, are sometimes short-sighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into customs, norms, and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties. The ideas are illustrated through a variety of examples, including patterns of residential segregation, rules of the road, claims on property, forms of economic contracts, and norms of equity. The book relies on new results in evolutionary game theory and stochastic dynamical systems theory, many of them originated by the author. It can serve as an introductory text, or be read on its own as a contribution to the study of economic and social institutions.

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

208

Publisher

Princeton University Press

Published Date

ISBN 10

0691214255

ISBN 13

9780691214252

Book's by H. Peyton Young

Equity

Equity

Spontaneous Order

Spontaneous Order

Individual Strategy and Social Structure

Individual Strategy and Social Structure

Username

Password

Username

Password

Password again

Birthday

Email