Carte Rational Herds Christophe P. Chamley

Rational Herds

Economic Models of Social Learning

Limbă: engleză
Legare: Carte broșată
Disponibilitate: În depozitul extern
Expediem în 10-18 zile
418.13 lei
Penguins jumping off a cliff, economic forecasters and financial advisors speculating against a curr...

Informații despre carte

Limbă
engleză
Legare
Carte - Carte broșată
Publicat
2003
Pagini
418
EAN
9780521530927
ISBN
052153092X
Enbook ID
02034023
Greutate
776
Dimensiuni
179 x 255 x 21

Descriere completă

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 2004 book provides both an informal introduction and in-depth insights into the subject. 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 may delay or make an immediate decision; they may compete against others or gain from cooperation; they make decisions about investment, crop choices, and financial investments. The book highlights the similarities and the differences between the various cases.

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