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Rational Herds
Economic Models Of Social Learning
- Editore:
Cambridge University Press
- EAN:
9780521824019
- ISBN:
052182401X
- Pagine:
- 418
- Formato:
- Hardback
- Lingua:
- Inglese
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Descrizione Rational Herds
Social learning involves individuals learning from the behavior of others and may lead to spectacular outcomes such as herding, fads, frenzies, crashes, and booms. Providing a synthesis of the theoretical literature of the last ten years, Christophe Chamley demonstrates how these pathologies may occur in a society of rational individuals. His book provides informal as well as technical analyses for readers interested in social behavior, and more advanced researchers in economics, finance, and other social sciences. A key feature is the inclusion of exercises in each chapter, with proofs written out for students.
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