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This Book Is Unique In Its Emphasis On The Frequency Approach And Its Use In The Solution Of Problems

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Rational Herds: Economic Models Of Social Learning,New MacArthur And Byron ESocial 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