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Moscarini, Giuseppe; Ottaviani, Marco; Smith, Lones - 2014

In the social learning model of Banerjee [1] and Bikhchandani, Hirshleifer and Welch [2] individuals take actions … the world is changing stochastically over time during the learning process, only temporary informational cascades …

Persistent link: https://www.econbiz.de/10014060412

Social Learning in a Changing World

Moscarini, Giuseppe; Ottaviani, Marco; Smith, Lones - 2014

In the social learning model of Banerjee (1992) and Kikhchandani, Hirshleifer and Welch (1992), individuals take … the state of the world is changing stochastically over time during the learning process, only temporary informational …

Persistent link: https://www.econbiz.de/10014060832

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The Oxford handbook of austrian economics

Boettke, Peter J. (ed.); Coyne, Christopher J. (ed.) - 2015

'The Oxford Handbook of Austrian Economics' provides an overview of the main methodological, analytical, and practical implications of the Austrian school of economics. This intellectual tradition in economics and political economy has a long history that dates back to Carl Menger in the late...