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Barnes & Noble @ Boston University - SPRING ON CAMPUS '11 | ||
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 | Rational Herds: Economic Models of Social Learning (1st Edition) by Christophe P. Chamley Paperback, 418 Pages, Published 2003 ISBN-10: 0-521-53092-X / 052153092X ISBN-13: 978-0-521-53092-7 / 9780521530927 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. These issues have bec | |