Abstract

The main body of rational-choice literature aims to deduce the necessary consequences that result from the interaction of rational agents. In contrast, this paper shows how small accidents of history can determine the character of social life among even perfectly rational decision makers. The paper describes those circumstances in which the structure of interaction is determinant, so that random events are averaged away, and those circumstances in which chance events leave a permanent mark on the collective life of rational beings.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call