Spontaneous Order

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

By: H. Peyton Young

Narrated by: Kent Klineman

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.

©2024 H. Peyton Young (P)2024 Tantor Media

Impossible to follow without a pdf

This book doesn't include a pdf, but it really needs one. There are lots equations that are impossible to follow without seeing them written down. "open parenthesis lowercase a sub lower case i..." Also it refers to figures in the ebook and print edition. I feel that an audio book should be self contained and not require you to spend $150 to buy another edition of the book to see the figures. Additionally, the narrator has lots of long pauses in the middle of sentences.