num_pages: 418
description: 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.
language: English
title: Rational Herds: Economic Models of Social Learning
titlecomplete: Rational Herds: Economic Models of Social Learning
ratings_count: 7
publisher: Cambridge University Press