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Rational Herds: Economic Models of Social Learning
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Amazon.com Product Description (ISBN 052153092X, Paperback)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.
(retrieved from Amazon Thu, 12 Mar 2015 18:24:48 -0400)
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