Background
Young, Hobart Peyton was born on March 9, 1945 in Evanston, Illinois, United States. Son of Hobart Paul and Louise (Buchwalter) Young.
( The issue of fair representation will take center stage...)
The issue of fair representation will take center stage as U.S. congressional districts are reapportioned based on the 2000 Census. Using U.S. history as a guide, the authors develop a theory of fair representation that establishes various principles for translating state populations—or vote totals of parties—into a fair allocation of congressional seats. They conclude that the current apportionment formula cheats the larger states in favor of the smaller, contrary to the intentions of the founding fathers and compromising the Supreme Court's "one man, one vote" rulings. Balinski and Young interweave the theoretical development with a rich historical account of controversies over representation, and show how many of these principles grew out of political contests in the course of United States history. The result is a work that is at once history, politics, and popular science. The book—updated with data from the 1980 and 1990 Census counts—vividly demonstrates that apportionment deals with the very substance of political power.
http://www.amazon.com/gp/product/081570111X/?tag=2022091-20
(In this book a distinguished economist suggests a concept...)
In this book a distinguished economist suggests a conceptual framework for studying strategic learning, one of the key theoretical developments in current economics. He discusses the interactive learning problem; reinforcement and regret; equilibrium; conditional no-regret learning; prediction, postdiction, and calibration; fictitious play and its variants; Bayesian learning; and hypothesis testing.
http://www.amazon.com/gp/product/0199269181/?tag=2022091-20
( Neoclassical economics as-sumes that people are highly ...)
Neoclassical economics as-sumes that people are highly rational and can reason their way through even the most complex economic problems. In Individual Strategy and Social Structure, Peyton Young argues for a more realistic view in which people have a limited understanding of their environment, are sometimes short-sighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into customs, norms, and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties. The ideas are illustrated through a variety of examples, including patterns of residential segregation, rules of the road, claims on property, forms of economic contracts, and norms of equity. The book relies on new results in evolutionary game theory and stochastic dynamical systems theory, many of them originated by the author. It can serve as an introductory text, or be read on its own as a contribution to the study of economic and social institutions.
http://www.amazon.com/gp/product/0691086877/?tag=2022091-20
economist educator mathematician
Young, Hobart Peyton was born on March 9, 1945 in Evanston, Illinois, United States. Son of Hobart Paul and Louise (Buchwalter) Young.
Bachelor, Harvard College, 1966; Doctor of Philosophy, University of Michigan, 1970.
Economist National Water Commission, Arlington, Virginia, 1971. From assistant to associate professor City University of New York, 1971—1975. Research scholar, deputy chairman system and decision science International Institute for Applied Systems Analysis, Laxenburg, Austria, 1975—1981.
Professor public policy University Maryland, College Park, 1981—1994. Professor economics Johns Hopkins University, Baltimore, 1994—2007. Senior fellow in economics Brookings Institute, since 1998.
Fellow in economics Nuffield College University Oxford, England, since 2005, James Meade professor economics England, since 2007. Advisory panel John D. and Catherine T. MacArthur Foundation, 1997-1999. External faculty Santa Fe Institute, 2001-2006.
(In this book a distinguished economist suggests a concept...)
( Neoclassical economics as-sumes that people are highly ...)
( The issue of fair representation will take center stage...)
Fellow Econometric Society. Member American Political Science Association, American Economic Association, Cosmos Club, European Economic Association, Game Theory Society, (executive vice president since 2004).
Married Fernanda Toueg, March 27, 1982. Children: Hobart Patrick, Benjamin Morris Chandler.