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Cover: 9780521530927 | Rational Herds | Economic Models of Social Learning | Chamley | Buch
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Rational Herds
Economic Models of Social Learning
Taschenbuch von Christophe Chamley
Sprache: Englisch

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Beschreibung
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.
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.
Inhaltsverzeichnis
1. Introduction; Part I. Social Learning: 2. Bayesian tools; 3. Social learning with a common memory; 4. Cascades and herds; 5. Limited memories; 6. Delays; 7. More delays; 8. Outputs; 9. Networks and diffusion; 10. Words; Part II. Coordination: 11. Guessing to coordinate; 12. Learning to coordinate; 13. Delays and payoff externalities; Part III. Financial Herding: 14. Sequences of financial trades; 15. Gaussian financial markets; 16. Financial frenzies.
Details
Erscheinungsjahr: 2011
Fachbereich: Volkswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9780521530927
ISBN-10: 052153092X
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Chamley, Christophe
Hersteller: Cambridge University Press
Verantwortliche Person für die EU: Books on Demand GmbH, In de Tarpen 42, D-22848 Norderstedt, info@bod.de
Maße: 254 x 178 x 22 mm
Von/Mit: Christophe Chamley
Erscheinungsdatum: 10.06.2011
Gewicht: 0,782 kg
Artikel-ID: 102528258
Inhaltsverzeichnis
1. Introduction; Part I. Social Learning: 2. Bayesian tools; 3. Social learning with a common memory; 4. Cascades and herds; 5. Limited memories; 6. Delays; 7. More delays; 8. Outputs; 9. Networks and diffusion; 10. Words; Part II. Coordination: 11. Guessing to coordinate; 12. Learning to coordinate; 13. Delays and payoff externalities; Part III. Financial Herding: 14. Sequences of financial trades; 15. Gaussian financial markets; 16. Financial frenzies.
Details
Erscheinungsjahr: 2011
Fachbereich: Volkswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9780521530927
ISBN-10: 052153092X
Sprache: Englisch
Ausstattung / Beilage: Paperback
Einband: Kartoniert / Broschiert
Autor: Chamley, Christophe
Hersteller: Cambridge University Press
Verantwortliche Person für die EU: Books on Demand GmbH, In de Tarpen 42, D-22848 Norderstedt, info@bod.de
Maße: 254 x 178 x 22 mm
Von/Mit: Christophe Chamley
Erscheinungsdatum: 10.06.2011
Gewicht: 0,782 kg
Artikel-ID: 102528258
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