Rational Herds
By:Christophe P. Chamley
Published on 2004 by Cambridge University Press
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 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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Book ID of Rational Herds's Books is 2dgbOh6VE9YC, Book which was written byChristophe P. Chamleyhave ETAG "zTRUyXbh47w"
Book which was published by Cambridge University Press since 2004 have ISBNs, ISBN 13 Code is 9780521530927 and ISBN 10 Code is 052153092X
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Book which have "402 Pages" is Printed at BOOK under CategoryBusiness and Economics
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