  As the foregoing discussion indicates, the dynamical study of equilibrium selection is a diverse, fast-growing area of  research.[7] Moreover, it raises difficult questions on the boundary between economics and philosophy, such as how to analyze inductive reasoning, how much rationality to attribute to social agents, and so on. It is undeniable that, in a wide variety of circumstances, people successfully converge upon a single unique convention amidst a range of alternatives. It seems equally undeniable that we do not yet fully understand the social and psychological mechanisms that accomplish this deceptively simple feat.