Chamley, Christophe P. - Rational Herds : Economic Models of Social Learning

Cambridge, Cambridge University Press, (2004). orig.wrappers. 23x15cm, xiv,402 pp. PAPERBACK.. Minor rubbing. An ink mark to top page-edge. VG. ¶ Social 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 advanced researchers in economics, finance, and other social sciences. A key feature is the inclusion of exercises in each chapter, with proofs written out for students" - Publisher's description.

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