Rational Herds
Economic Models of Social Learning
Bibliographic Data
| ID | 19601286 |
|---|---|
| Authors | Christophe Chamley (corresponding author), Christophe P Chamley |
| Year | 2003 |
| Pages | 402 |
| Publication date | 2003-11-24 |
| Open Access | Yes |
| Type | BOOK |
| Venue | Rational herds (SOURCE_BOOK) |
| Publisher | Cambridge University Press (PUBLISHER • US) |
| DOI | 10.1017/cbo9780511616372 |
| OpenAlex | W1537470538 |
| Open Library | OL22156442M |
| ISBN | 9780511616372 |
| Language | EN |
| Citations received | 44 |
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 become, over the last ten years, an exciting field of research in theoretical and applied economics, finance, and in other social sciences. This book provides both an informal introduction and in-depth insights into the subject. Each chapter is devoted to a separate issue: individuals learn from the observations of actions, the outcomes of these actions, and from what others say. They may delay or make an immediate decision; they may compete against others or gain from cooperation; they make decisions about investment, crop choices, and financial investments. The book highlights the similarities and the differences between the various cases
Boom · Currency · Economics · Financial economics · Geography · Herd behavior · Herding · Macroeconomics · Corruption and Economic Development · Economic Growth and Development · Engineering · Apprentissage social · Aprendizagem social · Aprendizagem social (modelos matemáticos) · Collective behavior · Comportamento coletivo · Comportement collectif · Decision making · General · Kollektives Verhalten · Mass Behavior · Mathematical models · Mathematisches Modell · Modèles mathématiques · Prise de décision · Sociaal leren · Social learning · Social Science · Soziales Lernen · Tomada de decisão · Wiskundige modellen · Finance
The evolution of distorted beliefs vs. mistaken choices under asymmetric error costs
A Tutorial on Interactive Sensing in Social Networks
Paths of Diversification
Social Learning in Social Networks
Impact of housing price uncertainty on herding behavior
Engineering Social Learning
Misinterpreting Others and the Fragility of Social Learning
Information Cascades and Social Learning
Learning in Social Networks
Economic Theory and the World of Practice
The Financial Crisis and the Systemic Failure of the Economics Profession
Learning in social networks
Disequilibrium in the real estate market
Modeling and testing the diffusion of expectations
"Wisdom of crowds"? A decentralised election forecasting model that uses citizens' local expectations
A general model of binary opinions updating
The rates of learning with public and private signals
The uncertain potential of policy-learning
Simplicity in Bayesian nested-model comparisons
The Diffusion of Revolution
Diffusion Across International Organizations
Herd Behaviour by Japanese Banks after Financial Deregulation
Echo Chambers
Endogenous Indoctrination
Misinterpreting Others and the Fragility of Social Learning
Leaning Right and Learning From the Left
Courts of Many Minds
The Path of Law
Information Cascades and Social Learning
The Post-crisis Critique of the NCM
Learning about a New Technology
Social Learning in Social Networks
Delays and equilibria with large and small information in social learning
Accounting for cultural spread with an economic SIR model
Bayesian collective learning emerges from heuristic social learning
Hybrid Agent-Based Simulation of Adoption Behavior and Social Interactions
Financial and world economic crisis
Paradoxes in social networks with multiple products
Propaganda and Conflict
The Locational Distribution of Foreign Banks in China
Informational Cascades versus Network Externalities in Locational Choice
Game Theory Meets Threshold Analysis
Demand Theory and General Equilibrium
Who Defects? Unpacking a Defection Cascade from Russia's Dominant Party 2008-12
| Unique citing works | 44 |
|---|---|
| Citations per year | 1,91 |
| Citation span | 2003 - 2025 (23) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 16 |