Rational Herds: Economic Models of Social Learning

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.

Author: Christophe P. Chamley
Publisher: Cambridge University Press
Published: 11/24/2003
Pages: 418
Binding Type: Paperback
Weight: 1.58lbs
Size: 10.02h x 7.04w x 0.91d
ISBN: 9780521530927

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