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Könyv Rational Herds Christophe P. Chamley

Rational Herds

Economic Models of Social Learning

Szerző: Christophe P. Chamley
Nyelv: Angol
Kötés: Puha kötésű
Kiadó: Cambridge University Press
Elérhetőség: Beszállítói készleten
Küldés 10-18 napon belül
29 828 Ft
Penguins jumping off a cliff, economic forecasters and financial advisors speculating against a curr...

Információk a könyvről

Szerző
Christophe P. Chamley
Nyelv
Angol
Kötés
Könyv - Puha kötésű
Kiadva
2003
oldal
418
EAN
9780521530927
ISBN
052153092X
Enbook ID
02034023
Kiadó
Cambridge University Press
Súly
776
Méretek
179 x 255 x 21

Teljes leírás

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 2004 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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