rational-ritual
Best Thing: Reviewers often highlight the book's insightful exploration of how public rituals create common knowledge, emphasizing its relevance in understanding social dynamics and coordination problems. Worst Thing: Some reviewers criticize the book for being overly theoretical, suggesting that it lacks practical applications and can be challenging to read for those not familiar with academic discourse.
- For some things, common knowledge matters. Knowing that you know makes my knowledge more valuable
- Eg, will show up to a protest or buy a mac if I know others also know about it
- Needs every layer of meta knowledge
- Cultural values in a business. (vs contractual vs free market). Rituals that drive common knowledge. Limits of market reasoning. All warn against individualism
5 Highlights Highlight (Yellow) | Location 173 Public rituals can thus be understood as social practices that generate common knowledge. For Highlight (Yellow) | Location 197 To get people to buy these “coordination problem” goods, an advertiser should try to generate common knowledge. Highlight (Yellow) | Location 219 To understand how rational individuals solve coordination problems, one should understand public rituals. Highlight (Yellow) | Location 248 because each person will participate only if others do, for the message to be successful, each person must not only know about it, each person must know that each other person knows about it. In Highlight (Yellow) | Location 390 in a 1972 survey 15 percent of white Americans favored racial segregation, but 72 percent believed that a majority of the whites in their area favored segregation