Effective institutions raise the benefits of cooperative solutions or the costs of defection, to use game theoretic terms. (Douglass North)

Effective institutions raise the benefits of cooperative solutions or the costs of defection, to use game theoretic terms.

Douglass North

Related topics

cooperative defection effective game raise use costs

Related quotes

Education is the most powerful weapon which you can use to change the world. View quote
Nelson Mandela
A sharp tongue is the only edge tool that grows keener with constant use. View quote
Washington Irving
The world is a beautiful book, but of little use to him who cannot read it. View quote
Carlo Goldoni
There are many selfish people who are extremely original, then they take those pure ideas and use them to raise themselves up, that is an insincere move. View quote
Daniel Smith
Some owners are competent, effective business people who care about the game. Many others do not share these attributes. View quote
Andrew Zimbalist