Friedman uses Schelling points in an attempt to explain the origin of the concept of property rights among humans and the associated legal and social norms, but the approach can be generalized in an obvious way to a much wider class of relations between people (basically anything that could hypothetically lead to a conflict, in the broadest possible sense of the term).
I have no idea what a Schelling point is, but the rest of it makes enough sense that I don’t think I’m missing too much—thanks for the explanation!
I recommend this article by David Friedman on the topic—if you’ve never heard of the concept, you’ll probably find lots of interesting insight in it:
http://www.daviddfriedman.com/Academic/Property/Property.html
Friedman uses Schelling points in an attempt to explain the origin of the concept of property rights among humans and the associated legal and social norms, but the approach can be generalized in an obvious way to a much wider class of relations between people (basically anything that could hypothetically lead to a conflict, in the broadest possible sense of the term).
I’m curious, has anyone accused you of being Steve Rayhawk yet?