Social Complexity, Learning and International Political Economy, With Illustrations from the Political Economy of Trade Policy
نویسندگان
چکیده
Social Complexity, Learning and International Political Economy, With Illustrations from the Political Economy of Trade Policy Complexity is an essential element of the political economic environment. This fact implies that ignorance and learning will affect the dynamics of that environment. This paper surveys recent work from decision theory, game theory, and economics that seeks to formalize learning in a social environment. To illustrate the gains from this sort of analysis, the main body of the paper presents an approach based on Bayesian learning from the behavior of others in some detail. Throughout, the analysis is motivated by three examples from the political economy of trade policy.
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