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Herd Behaviour and Keeping up with the Joneses


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Speaker(s): Professor Andrew Oswald
Chair: Professor Richard Layard

Recorded on 28 November 2011 in Old Theatre, Old Building.

Herd behaviour is often natural and individually rational, but it has the potential to be disastrous for the group. In this lecture, Andrew Oswald will discuss human herd behaviour and its links to 'keeping up with the Joneses'.

Andrew Oswald is professor of economics at Warwick University, a visiting fellow at IZA Bonn and an editor of the journal Science.

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