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Advice, Social Learning and the Evolution of Conventions

Advice, Social Learning and the Evolution of Conventions

by Andrew Schotter
Hardback
Publication Date: 09/03/2023

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As societies progress, old generations of social agents die and are replaced by new ones. This book explores what happens in this transition as the old guard instructs the new arrivals about the wisdom of their ways. Do new entrants listen and follow the advice of their elders or dismiss it? Is intergenerational advice welfare improving or can it be destructive? Does such advice enhance the stability of social conventions or disrupt it? Using the concept of an Intergenerational Game and the tools of game theory and experimental economics, this study delves into the process of social leaning created by intergenerational advice passed from generation to generation. This book presents a unique theoretical and empirical study of the dynamics of social conventions not offered elsewhere.
ISBN:
9781316518076
9781316518076
Category:
Microeconomics
Format:
Hardback
Publication Date:
09-03-2023
Publisher:
Cambridge University Press
Country of origin:
United Kingdom
Pages:
250
Dimensions (mm):
235x155x25mm
Weight:
0.82kg

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