Description
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.
Introduces advice into economic analysis and explores its impact on decision-making and the evolution of conventions of behavior.
About the Author
Andrew Schotter is Professor of Economics and Director of the Center for Experimental Social Science at New York University.
Reviews
'This book is written by one of the leading scholars in Experimental Economics. Dozens of doctoral students have been supervised in the 'Andy Schotter School of Experimental Economics' at NYU. After graduating, they join a worldwide network that is at the forefront of research in this field. Young researchers should treat this book as ADVICE on how to pursue a fulfilling academic career in Experimental Economics.' Ariel Rubinstein, Tel Aviv University and New York University
'People usually communicate with others before making important choices. One form of communication is advice, particularly from trusted sources. A primary example is intergenerational advice, passed along from parents to children. Andrew Schotter is a pioneer regarding such advice in laboratory experiments. In this brilliant work, he describes how intergenerational advice plays out in a wide variety of environments. It is time for researchers to delve more deeply into this realm and this will help pave the way.' Gary Charness, University of California, Santa Barbara
Book Information
ISBN 9781009048880
Author Andrew Schotter
Format Paperback
Page Count 250
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 640g
Dimensions(mm) 228mm * 151mm * 25mm
Introduces advice into economic analysis and explores its impact on decision-making and the evolution of conventions of behavior.
About the Author
Andrew Schotter is Professor of Economics and Director of the Center for Experimental Social Science at New York University.
Reviews
'This book is written by one of the leading scholars in Experimental Economics. Dozens of doctoral students have been supervised in the 'Andy Schotter School of Experimental Economics' at NYU. After graduating, they join a worldwide network that is at the forefront of research in this field. Young researchers should treat this book as ADVICE on how to pursue a fulfilling academic career in Experimental Economics.' Ariel Rubinstein, Tel Aviv University and New York University
'People usually communicate with others before making important choices. One form of communication is advice, particularly from trusted sources. A primary example is intergenerational advice, passed along from parents to children. Andrew Schotter is a pioneer regarding such advice in laboratory experiments. In this brilliant work, he describes how intergenerational advice plays out in a wide variety of environments. It is time for researchers to delve more deeply into this realm and this will help pave the way.' Gary Charness, University of California, Santa Barbara
Book Information
ISBN 9781009048880
Author Andrew Schotter
Format Paperback
Page Count 250
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 640g
Dimensions(mm) 228mm * 151mm * 25mm
