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Mar
17
Schelling’s Segregation Model
March 17, 2009 | 1 Comment | Joshua Gans
Tim Harford explains Thomas Schelling’s model of racial segregation.
To see the written version, take a look at Micromotives and Macrobehavior (one of the greatest game theory books).
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One Response to “Schelling’s Segregation Model”
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Extremely eloquent and easy to understand. Even for a laymen like me.
There`s something elegant about a system which organises itself globally with the only constraint being a seemingly small local personality trait.