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3.43 AVERAGE
3.43 AVERAGE
Interesting concept, but boring read.
Examples are all over the place
Examples are all over the place
informative
fast-paced
Read this JEL review by Vince Crawford: http://econweb.ucsd.edu/~v2crawford/Chwe.htm
If you are not convinced, read the other reviews http://chwe.net/michael/reviews.html (The Economica review makes for good critical reading post-book as well.
This book is a must-read. I have little else to say because it would just be a rehash of what the book itself says in much superior form.
If you are not convinced, read the other reviews http://chwe.net/michael/reviews.html (The Economica review makes for good critical reading post-book as well.
This book is a must-read. I have little else to say because it would just be a rehash of what the book itself says in much superior form.
The thought behind this short book wanders some, but the theory is an interesting one. The book outlines "coordination problems" as problems where social needs (in order to participate, I want/need support from others in my community) demand that the participants are aware of the knowledge, intentions, and even meta-knowledge (I know that you know that I know, and you know that I know that you know that I know) of the other participants. I found the implications of that to be very interesting. It means that common knowledge has more importance than I could have guessed, and that the creation of common knowledge is vital to getting large groups of people to function cohesively. It means that tools like ritual and feedback can be powerful in solving coordination problems.
Concept is very interesting, with far-reaching implications. The writing and substance of the book is too muche like a few academic dissertations stitched together though.