Can we Rationally Learn to Coordinate?
In this paper we examine the issue whether individual rationality considerations are sufficient to guarantee that individuals will learn to coordinate. This question is central in any discussion of whether social phenomena (read: conventions) can be explained in terms of a purely individualistic approach. We argue that the positive answers to this general question that have been obtained in some recent work require assumptions which incorporate some convention. This conclusion may be seen as supporting the viewpoint of institutional individualism in contrast to psychological individualism.
|Keywords||collective rationality, conventions, coordination, individual rationality, learning|
|Persistent URL||dx.doi.org/10.1007/BF00133159, hdl.handle.net/1765/11660|
Goyal, S., & Janssen, M.C.W.. (1996). Can we Rationally Learn to Coordinate?. Theory and Decision: an international journal for multidisciplinary advances in decision sciences, 29–49. doi:10.1007/BF00133159