Get Access ☊ Rational Herds: Economic Models of Social Learning.
Rational Herds: Economic Models of Social Learning
by Christophe P. Chamley
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Results Rational Herds: Economic Models of Social Learning
Rational Herds Economic Models of Social Learning 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 Rational Herds Economic Models of Social Learning CP Download Citation on ResearchGate Rational Herds Economic Models of Social Learning Penguins jumping off a cliff economic forecasters and financial advisors speculating against a currency Rational Herds Economic Models of Social Learning Rational Herds Economic Models of Social Learning Kindle edition by Christophe P Chamley Download it once and read it on your Kindle device PC phones or tablets Use features like bookmarks note taking and highlighting while reading Rational Herds Economic Models of Social Learning Rational Herds Economic Models of Social Learning by Rational Herds Economic Models of Social Learning 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 Rational Herds Economic Models of Social Learning Rational Herds Economic Models of Social Learning Social learning is about individuals learning from the behavior of others and may lead to spectacular outcomes such as herding fads frenzies crashes and booms The book shows how these pathologies may occur in a society of rational individuals Rational herds economic models of social learning Book Social learning with a common memory A canonical model of social learning Efficient learning Observation noise Extensions 4 Cascades and herds The basic model of herding The standard model with bounded beliefs The convergence of beliefs Herds and the slow convergence of beliefs Pricing the informational externality Crashes and booms 5 Rational Herds by Christophe P Chamley Cambridge Core 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
