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 2004 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.
具體描述
讀後感
評分
評分
評分
評分
用戶評價
現在很多人用cascade這個詞，絕少是真正的information cascade。
评分現在很多人用cascade這個詞，絕少是真正的information cascade。
评分比喻純熟且生動。這樣的文筆在年輕一代的經濟學研究者裏很少見瞭。
评分比喻純熟且生動。這樣的文筆在年輕一代的經濟學研究者裏很少見瞭。
评分比喻純熟且生動。這樣的文筆在年輕一代的經濟學研究者裏很少見瞭。
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