Micromotives and Macrobehavior, Paperback/Thomas C. Schelling

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"Schelling here offers an early analysis of 'tipping' in social situations involving a large number of individuals." --official citation for the 2005 Nobel Prize 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.