Fast Learning in Organizations

Andreas Blume

Working Papers from University of Iowa, Department of Economics

Abstract: This paper explores how efficiency structures language. It starts from the premise that one of language's central characteristics is to provide a means for saying novel things about novel circumstances, its creativity. As such it is a metaphor for the choice of organizational forms that can cope with a changing environment. It is shown how creative language use is achieved via reliance on common knowledge structures, even if those structures are consistent with an a priori absence of a common language.

Keywords: GAME THEORY; LANGUAGES (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1997
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Working Paper: Fast Learning in Organizations (1997)
Working Paper: Fast Learning in Organizations (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:uia:iowaec:97-10

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