Rational Herds Economic Models of Social Learning

Name: Rational Herds Economic Models of Social Learning
Price: 12.12 USD
Availability: InStock
ISBN: 9780521530927

ISBN-10: 052153092X

ISBN-13: 9780521530927

Edition: 2003

Authors: Christophe P. Chamley

List price: $71.99

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Description:

Penguins jumping off a cliff, economic forecasters and financial advisors speculating against a currency, and farmers using traditional methods in India are all practising social learning. Such learning from the behavior of others may and does lead to herds, crashes, and booms. These issues have become, over the last ten years, an exciting field of research in theoretical and applied economics, finance, and in other social sciences. This book provides both an informal introduction and in-depth insights into the most recent advances. Each chapter is devoted to a separate issue: individuals learn from the observations of actions, the outcomes of these actions, and from what others say. They…

Book details

List price: $71.99
Copyright year: 2003
Publisher: Cambridge University Press
Publication date: 11/24/2003
Binding: Paperback
Pages: 418
Size: 7.05" wide x 10.04" long x 0.91" tall
Weight: 1.540
Language: English




Social Learning



Coordination



Financial Herding