Rational Herds: Economic Models Of Social Learning,New MacArthur And Politics Despite The Absence

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Rational Herds: Economic Models Of Social Learning,New MacArthur And Politics Despite The AbsenceSocial Learning Involves Individuals Learning From The Behavior Of Others And May Lead To Spectacular Outcomes Such As Herding, Fads, Frenzies, Crashes, And Booms. Providing A Synthesis Of The Theoretical Literature Of The Last Ten Years, Christophe Chamley Demonstrates How These Pathologies May Occur In A Society Of Rational Individuals. His Book Provides Informal As Well As Technical Analyses For Readers Interested In Social Behavior, And More