03320nam 2200721Ia 450 991082681430332120200520144314.01-107-14636-41-280-43754-50-511-16538-20-511-16597-80-511-16402-50-511-31286-50-511-61637-60-511-16482-3(CKB)1000000000353513(EBL)255182(OCoLC)437163516(SSID)ssj0000232700(PQKBManifestationID)11187967(PQKBTitleCode)TC0000232700(PQKBWorkID)10215161(PQKB)11381456(UkCbUP)CR9780511616372(MiAaPQ)EBC255182(Au-PeEL)EBL255182(CaPaEBR)ebr10120435(CaONFJC)MIL43754(EXLCZ)99100000000035351320030317d2004 uy 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierRational herds economic models of social learning /Christophe P. Chamley1st ed.Cambridge, UK ;New York Cambridge University Pressc20041 online resource (xiv, 402 pages) digital, PDF file(s)Title from publisher's bibliographic system (viewed on 05 Oct 2015).0-521-53092-X 0-521-82401-X Includes bibliographical references (p. 385-394) and indexes.Cover; Half-title; Title; Copyright; Dedication; Contents; Preface; 1 Introduction; PART ONE Social Learning; PART TWO Coordination; PART THREE Financial Herding; References; Author Index; Subject IndexPenguins 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.Economic models of social learningSocial learningSocial learningMathematical modelsDecision makingCollective behaviorSocial learning.Social learningMathematical models.Decision making.Collective behavior.303.3/2Chamley Christophe1444648MiAaPQMiAaPQMiAaPQBOOK9910826814303321Rational herds3625400UNINA