The Conclusion

Swati Bhatt
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Swati Bhatt: Princeton University

Chapter 9 in How Digital Communication Technology Shapes Markets, 2017, pp 143-148 from Palgrave Macmillan

Abstract: Abstract We are in a moment of increasing interdependency because of our connections. Competition in terms of a zero-sum game is simply not an option. There is an acknowledgement, by recognizing our intertwined lives, that cooperating is the individually rational way forward. Since common knowledge is endemic in the network economy – my strategy choices are known almost before I know them – an open conversation about the game, or cooperation, is the best strategy. When the dominant pillars of the network economy are technology and human behavior, and technology has outrun the limits of the law and our ability to grasp its global outcomes, we adapt to fit the environment as we transform it. We cooperate in order to better comprehend.

Keywords: Interdependency; Human behavior and law; Red Queen Effect; Consensus (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-3-319-47250-8_9

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