Advice, Social Learning and the Evolution of Conventions

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.

Author: Andrew Schotter
Publisher: Cambridge University Press
Published: 03/09/2023
Pages: 250
Binding Type: Paperback
Weight: 1.29lbs
Size: 9.00h x 6.00w x 0.89d
ISBN: 9781009048880

About the Author
Schotter, Andrew: - Andrew Schotter is Professor of Economics and Director of the Center for Experimental Social Science at New York University.

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