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.

Author: Christophe P. Chamley
Publisher: Cambridge University Press
Published: 11/24/2003
Pages: 418
Binding Type: Hardcover
Weight: 1.90lbs
Size: 10.00h x 7.00w x 1.00d
ISBN: 9780521824019