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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Rational Herds

Rational Herds

Hardcover

Economics

ISBN10: 052182401X
ISBN13: 9780521824019
Publisher: Cambridge University Press
Published: Nov 24 2003
Pages: 418
Weight: 1.90
Height: 1.00 Width: 7.00 Depth: 10.00
Language: English
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.

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Economics