Rational Herds: Economic Models of Social Learning - Image 1

£53.87

Cambridge University Press Rational Herds: Economic Models of Social Learning

Name: Rational Herds: Economic Models of Social Learning
Brand: Cambridge University Press
Price: 53.87 GBP
Availability: InStock

Higher Education

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Description

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.

Product Specifications

Brand: Cambridge University Press
Format: paperback
ASIN: 052153092X
Category: Books > Subjects > Science, Nature & Maths > Mathematics > Education > Higher Education
Domain: Amazon UK
Release Date: 29 January 2004
Listed Since: 19 January 2007

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Cambridge University Press Rational Herds: Economic Models of Social Learning

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