Games in Economic Development by Bruce Wydick
Publication details: Cambridge University Press New Delhi 2008Description: xviii, 294 pages; illustrations: 24 cmISBN:- 9781107461697
- 338.90015193
Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|
Book | Indian Institute of Management Visakhapatnam General Stacks | Non-fiction | 338.90015193 WYD (Browse shelf(Opens below)) | Available | 001141 |
1. Economic development interdependence and incentives; 2. Games; 3. Development traps and coordination games; 4. Rural poverty development and the environment; 5. Risk solidarity networks and reciprocity; 6. Understanding agrarian institutions; 7. Savings credit and microfinance; 8. Social learning and technology adoption; 9. Property rights governance and corruption; 10. Conflict violence and development; 11. Social capital; 12. The political economy of trade and development.
Games in Economic Development examines the roots of poverty and prosperity through the lens of elementary game theory illustrating how patterns of human interaction can lead to vicious cycles of poverty as well as virtuous cycles of prosperity. This book shows how both social norms and carefully designed institutions can help shape the 'rules of the game' making better outcomes in a game possible for everyone involved. The book is entertaining to read it can be accessed with little background in development economics or game theory. Its chapters explore games in natural resource use; education; coping with risk; borrowing and lending; technology adoption; governance and corruption; civil conflict; international trade; and the importance of networks religion and identity illustrating concepts with numerous anecdotes from recent world events. Comes complete with an appendix explaining the basic ideas in game theory used in the book.
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