Rational Herds: Economic Models of Social Learning
Language: English
Published by Cambridge University Press, 2004
- First Edition
- Hardcover
- Used
Seller: killarneybooks, Inagh, Clare, Irelandkillarneybooks
AbeBooks seller since April 20, 2017
Condition: Used - Very good
£ 30.53
Quantity: 1 available
Add to basketItem description from seller
Oversized hardcover, xiv + 402 pages, shipping weight over 1kg, NOT ex-library. Clean and bright interior with unmarked text, free of inscriptions and stamps, firmly bound. Wear to tips of corners of a portion of leaves. Faint handling marks on page edges externally; a short black marker line on the upper outer edges. Boards show regular shelfwear, short creases to corners and edges, some fading. Issued without a dust jacket. -- This work provides a comprehensive and rigorous theoretical treatment of social learning and herd behavior in economics. It systematically develops and analyzes mathematical models of how rational individuals make decisions when they can observe the actions of others. The author explores the conditions under which informational cascades and herding can occur, leading to situations where individuals rationally ignore their own private information to follow the crowd. The book covers key models of sequential decision-making, examines the role of public information, and applies the theory to phenomena such as financial market bubbles, technology adoption, and political fads. It serves as a foundational graduate-level text for students and researchers in economic theory, finance, and political economy.…
Seller Inventory # 011350
- Title
- Rational Herds: Economic Models of Social Learning
- Author
- Christophe P. Chamley
- Publisher
- Cambridge University Press
- Publication year
- 2004
- Condition
- Very Good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 052182401X
- ISBN 13
- 9780521824019
- Edition
- 1st Edition
"Synopsis" may belong to another edition of this title.
Review
'Christophe Chamley brings the reader to the state of the art in formal modeling of social learning. His treatment of this burgeoning literature is extraordinarily clear and comprehensive. This book, by an author who has himself made major contributions to the subject, is destined to become a standard reference in the area.' Sushil Bikhchandani, UCLA
'Over the past decade there has been an explosion of interest in the field of social learning. Far from being a fad, this field is developing into one of the richest areas of economic research, with an ever-growing list of applications. Christophe Chamley has made profound contributions to the growth of the field, and presents us now with the definitive guide. His book is essential reading not only for graduate students, but also for current researchers trying to stay abreast of new findings. It helps us understand not only where the literature came from, but also where it is going. Andrew Caplin, New York University
'Chamley has chosen a topic of great interest to all academics in the social sciences. The tendency of human beings to conformity intrigues social psychologists and anthropologists, and the implications of mass behavior are important in politics, economics, and finance. Chamley fully understands this material and conveys it clearly in this book.' Peter Norman Sorensen, University of Copenhagen
"About the title" may belong to another edition of this title.
killarneybooks
Inagh, Clare, Ireland
AbeBooks seller since April 20, 2017
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