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Individual Strategy and Social Structure: An Evolutionary Theory of Institutions
Abstract
Suggests a reorientation of game theory in which players are not hyper-rational and knowledge is incomplete; postulates a simple adaptive learning process; and applies this framework to the study of social and economic institutions. Discusses learning; dynamic and stochastic stability; adaptive learning in small games; variations on the learning process; local interaction; equilibrium and disequilibrium selection in general games; bargaining; and contracts. Young is Scott and Barbara Black Professor of Economics at Johns Hopkins University. Bibliography; index.
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Cited by
“Economic man” in cross-cultural perspective: behavioral experiments in 15 small-scale societies
Henrich, J., Boyd, R., Bowles, S., Camerer, C., Fehr, E., Gintis, H., McElreath, R., Alvard, M., Barr, A., Ensminger, J., et al. (2005) · Behavioral and Brain Sciences · doi:10.1017/s0140525x05000142 · Cited by 1,898
Social Capital and Community Governance
Bowles, S., & Gintis, H. (2002) · The Economic Journal · doi:10.1111/1468-0297.00077 · Cited by 1,538
Persistence of power, Elites, and institutions
Acemoglu, D., & Robinson, J. A. (2008) · American Economic Review · doi:10.1257/aer.98.1.267 · Cited by 1,268
Cultural group selection, coevolutionary processes and large-scale cooperation
Henrich, J. (2004) · Journal of Economic Behavior & Organization · doi:10.1016/s0167-2681(03)00094-5 · Cited by 1,096
The Competitive Advantage of Sanctioning Institutions
Gürerk, O., Irlenbusch, B., & Rockenbach, B. (2006) · Science · doi:10.1126/science.1123633 · Cited by 997
Metadata
- Authors
- Mezzetti, C., & Young, H. P.
- Venue
- Southern Economic Journal
- Publisher
- JSTOR
- Published
- 1999-10
- Volume
- 66
- Issue
- 2
- Pages
- 500
- ISSN
- 0038-4038 (ISSN-L)
- OpenAlex
- W1481080069
- Cited by
- 851
- References
- 0
- FWCI
- 43.99
- Type
- journal article
- Language
- en
- Open access
- closed
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- Mezzetti, C., & Young, H. P. (1999). Individual Strategy and Social Structure: An Evolutionary Theory of Institutions. Southern Economic Journal. https://doi.org/10.2307/1061165
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
