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Financial market contagion
Author(s)
Date Issued
2008
Date Available
2008-09-16T13:59:30Z
Abstract
The power of the metaphor of contagion—that beliefs, actions, and strategies spread among economic agents like pathogens among biological organisms— causes it to recur in disparate areas of economics. This article focusses on four applications of contagion to economics: social influence or memoryless learning; Bayesian social learning; strategy choice in coordination games; and the spread of crises in international financial markets.
Type of Material
Book Chapter
Publisher
Palgrave Macmillan
Copyright (Published Version)
Copyright 2008 Palgrave Macmillan
Subject – LCSH
Economics--Sociological aspects
Language
English
Status of Item
Peer reviewed
Part of
Durlauf, Steven N. and Blume, Lawrence E. (eds.). The new Palgrave dictionary of economics, second ed.
ISBN
9780333786765
This item is made available under a Creative Commons License
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