LEADER 03320nam 2200721Ia 450 001 9910826814303321 005 20200520144314.0 010 $a1-107-14636-4 010 $a1-280-43754-5 010 $a0-511-16538-2 010 $a0-511-16597-8 010 $a0-511-16402-5 010 $a0-511-31286-5 010 $a0-511-61637-6 010 $a0-511-16482-3 035 $a(CKB)1000000000353513 035 $a(EBL)255182 035 $a(OCoLC)437163516 035 $a(SSID)ssj0000232700 035 $a(PQKBManifestationID)11187967 035 $a(PQKBTitleCode)TC0000232700 035 $a(PQKBWorkID)10215161 035 $a(PQKB)11381456 035 $a(UkCbUP)CR9780511616372 035 $a(MiAaPQ)EBC255182 035 $a(Au-PeEL)EBL255182 035 $a(CaPaEBR)ebr10120435 035 $a(CaONFJC)MIL43754 035 $a(EXLCZ)991000000000353513 100 $a20030317d2004 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aRational herds $eeconomic models of social learning /$fChristophe P. Chamley 205 $a1st ed. 210 $aCambridge, UK ;$aNew York $cCambridge University Press$dc2004 215 $a1 online resource (xiv, 402 pages) $cdigital, PDF file(s) 300 $aTitle from publisher's bibliographic system (viewed on 05 Oct 2015). 311 $a0-521-53092-X 311 $a0-521-82401-X 320 $aIncludes bibliographical references (p. 385-394) and indexes. 327 $aCover; Half-title; Title; Copyright; Dedication; Contents; Preface; 1 Introduction; PART ONE Social Learning; PART TWO Coordination; PART THREE Financial Herding; References; Author Index; Subject Index 330 $aPenguins 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. 517 3 $aEconomic models of social learning 606 $aSocial learning 606 $aSocial learning$xMathematical models 606 $aDecision making 606 $aCollective behavior 615 0$aSocial learning. 615 0$aSocial learning$xMathematical models. 615 0$aDecision making. 615 0$aCollective behavior. 676 $a303.3/2 700 $aChamley$b Christophe$01444648 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910826814303321 996 $aRational herds$93625400 997 $aUNINA