Micromotives and Macrobehavior (Fels Lectures on Public Policy Analysis)

Micromotives and Macrobehavior. was originally published over twenty-five years ago, yet the stories it tells feel just as fresh today. And the subject of these stories -- how small and seemingly meaningless decisions and actions by individuals often lead to significant unintended consequences for a large group -- is more important than ever. In one famous example, Thomas C. Schelling shows that a slight-but-not-malicious preference to have neighbors of the same race eventually leads to completely segregated populations. The updated edition of this landmark book contains a new preface and the author\'s Nobel Prize acceptance speech.