Rational Herds

Name: Rational Herds
Brand: Cambridge University Press
SKU: 9780521824019
Price: 884.25 RON
Availability: InStock

Economic Models of Social Learning

Autor: Christophe P. Chamley

Limbă:

Legare: Copertă tare

Editura: Cambridge University Press

Disponibilitate: În depozitul extern

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Penguins jumping off a cliff, economic forecasters and financial advisors speculating against a curr...

Informații despre carte

Autor

Christophe P. Chamley

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2003

Pagini

418

EAN

9780521824019

ISBN

052182401X

Enbook ID

02045319

Editura

Cambridge University Press

Greutate

880

Dimensiuni

184 x 264 x 29

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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Rational Herds

Economic Models of Social Learning

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