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Rational Herds: Economic Models of Social Learning | 
 enlarge | Author: Christophe P. Chamley
Publisher: Cambridge University Press
Category: Book
List Price: $44.99
Buy New: $6.98
You Save: $38.01 (84%)
New (21) Used (14) from $6.98
Rating:  3 reviews
Sales Rank: 358791
Media: Paperback
Number Of Items: 1
Pages: 416
Shipping Weight (lbs): 1.6
Dimensions (in): 9.9 x 7 x 1
ISBN: 052153092X
Dewey Decimal Number: 303.32
EAN: 9780521530927
ASIN: 052153092X
Publication Date: November 24, 2003
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product 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.
Book Description
This book is the first in the exciting new field of social learning. It provides a synthesis of the theoretical literature of the last ten years with some empirical applications. 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. In various contexts all individuals in a society may learn more if each person does not use rational observations of others' behavior. The book provides both informal and technical analyses for readers interested in social behavior, and more advanced researchers in economics, finance, and other social sciences.
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| Customer Reviews:
 OK, but nothing to shout about April 26, 2004
0 out of 13 found this review helpful
It's not a bad book, but half the time I am not sure what the author is driving at...
 Over-rated April 22, 2004
2 out of 16 found this review helpful
You are better off reading the original papers. Most of the stuff are not new, and has been done better by other authors.
 This book will be a bible for every economics PhD student February 24, 2004
6 out of 16 found this review helpful
It is a classical! I know some books are the bible in the respective field, like MGW in micro, SLP in macro. This book will the bible for almost every field (especially useful for finance guy). Now I even think it is better than those survey books by O'Hara and Brunnermeier. Since this book provides all technical analysis.
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