How Long to Read Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades

How Long Does it Take to Read Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades?

It takes the average reader 1 hour and 16 minutes to read Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades by Andreas Heller

Assuming a reading speed of 250 words per minute. Learn more

Description

Inhaltsangabe:Abstract: Macroeconomics deals with the behaviour of the economy altogether and concentrates on fundamental and actual economic problems. Microeconomics deals with the behaviour of individuals and the aggregation of their actions in different institutional frameworks. Thus, both micro- and macroeconomics are doctrines to describe and understand individuals behaviour, activities and outcomes. So, why does one try to better understand? Individuals are curious , is a popular explanation. Another is that understanding may lead to a better outcome for individuals. There exist a lot of patterns of behaviour. One behaviour pattern is the so-called uniform behaviour. Imitation and mimicry belong to the basic instincts of every human being. Indeed, these patterns do not make immediate sense in terms of traditional macro- or microeconomic models. Still, they may be rational for an individual or a group of individuals. Learning by observing other individuals past actions and decisions may be of help to explain some otherwise puzzling phenomena about human behaviour. Apprehending individuals behaviour is not straightforward. It is not only profit or utility maximising that drives individuals minds. Sometimes, individuals just act because others act. An Informational Cascade is a situation in which every subsequent individual, based on the observation of others, makes the same choice or decision independent of his private information. Informational Cascades are present in our everyday life and in fields such as Economics, Politics, Scientific Theory, Finance or Zoology. The fact that this phenomenon does appear in innumerable situations is my motivation to closer examine Informational Cascades. Economics and above all economic behaviour is more than Statistics or Mathematics. It is Anthropology and Psychology as well. To combine and describe economics with the behaviour patterns of human beings, above all Informational Cascades and its environment , is the base of my licentiate. To link this phenomenon to economics and to bring it in an economic context, one has to grasp what exactly an Informational Cascade does describe. Why can one define an Informational Cascade as a gap between the practiced and the preached? Definitions and a simple example are given at the beginning of chapter two, followed by a characterisation of an Informational Cascade. The characterisation deals with the brittleness, idiosyncrasy and the error-sensitivity of [...]

How long is Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades?

Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades by Andreas Heller is 75 pages long, and a total of 19,125 words.

This makes it 25% the length of the average book. It also has 23% more words than the average book.

How Long Does it Take to Read Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 44 minutes to read Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades aloud.

What Reading Level is Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades?

Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades?

Fragile, Error-Prone And Idiosyncratic Behaviour: Informational Cascades by Andreas Heller is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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