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Digital List Price:    1,622.00
Kindle Price:    1,135.39

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Rational Ritual: Culture, Coordination, and Common Knowledge by [Chwe, Michael Suk-Young]
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Rational Ritual: Culture, Coordination, and Common Knowledge With a New afterword by the author Edition, Kindle Edition


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Length: 144 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Language: English

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Product description

Product Description

Why do Internet, financial service, and beer commercials dominate Super Bowl advertising? How do political ceremonies establish authority? Why does repetition characterize anthems and ritual speech? Why were circular forms favored for public festivals during the French Revolution? This book answers these questions using a single concept: common knowledge.


Game theory shows that in order to coordinate its actions, a group of people must form "common knowledge." Each person wants to participate only if others also participate. Members must have knowledge of each other, knowledge of that knowledge, knowledge of the knowledge of that knowledge, and so on. Michael Chwe applies this insight, with striking erudition, to analyze a range of rituals across history and cultures. He shows that public ceremonies are powerful not simply because they transmit meaning from a central source to each audience member but because they let audience members know what other members know. For instance, people watching the Super Bowl know that many others are seeing precisely what they see and that those people know in turn that many others are also watching. This creates common knowledge, and advertisers selling products that depend on consensus are willing to pay large sums to gain access to it. Remarkably, a great variety of rituals and ceremonies, such as formal inaugurations, work in much the same way.


By using a rational-choice argument to explain diverse cultural practices, Chwe argues for a close reciprocal relationship between the perspectives of rationality and culture. He illustrates how game theory can be applied to an unexpectedly broad spectrum of problems, while showing in an admirably clear way what game theory might hold for scholars in the social sciences and humanities who are not yet acquainted with it.


In a new afterword, Chwe delves into new applications of common knowledge, both in the real world and in experiments, and considers how generating common knowledge has become easier in the digital age.


Product details

  • Format: Kindle Edition
  • File Size: 4389 KB
  • Print Length: 144 pages
  • Publisher: Princeton University Press; With a New afterword by the author edition (21 April 2013)
  • Sold by: Amazon Asia-Pacific Holdings Private Limited
  • Language: English
  • ASIN: B00C7MEV8G
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Enabled
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #1,20,427 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Amazon.com: 3.8 out of 5 stars 5 reviews
David A. Wilson Jr.
3.0 out of 5 starsThe reading of it is too fast in my opinion and slowing it down is quite annoying to listen to
7 February 2018 - Published on Amazon.com
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Mark T.
5.0 out of 5 starsI now consider this book to be one of my best "secret weapons" when thinking about business tactics and strategy
26 June 2016 - Published on Amazon.com
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3 people found this helpful.
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Sean Everton
4.0 out of 5 starsNice Extension of Game Theory
31 August 2013 - Published on Amazon.com
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5 people found this helpful.
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15 March 2016 - Published on Amazon.com
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