Distinguishing informational cascades from herd behavior in the laboratory

Distinguishing informational cascades from herd behavior in the laboratory

Bo ̆açhan Çelen and Shachar Kariv (2004) The American Economic Review, 2004 – ingentaconnect.com

… circumstances. While the terms informational cascade and herd behavior are used

interchange- ably in the literature, Lones Smith and Peter N. Sørensen (2000)

emphasize that there is a significant difference between them. …

Smith and Sørensen (2000) emphasize that there is a significant difference between them. An informational cascade is said to occur when an infinite sequence of individuals ignore their private information when making a decision, whereas herd behavior occurs when an infinite sequence of individuals make an identical decision, not necessarily ignoring their private information.

被引用 139 次 – 相關文章 – 全部共 27 個版本; berkeley.edu 提供的 [PDF]

Lones Smith and Peter N.Sørensen 2000 – Google 學術搜尋.

發表迴響

在下方填入你的資料或按右方圖示以社群網站登入:

WordPress.com 標誌

您的留言將使用 WordPress.com 帳號。 登出 /  變更 )

Google photo

您的留言將使用 Google 帳號。 登出 /  變更 )

Twitter picture

您的留言將使用 Twitter 帳號。 登出 /  變更 )

Facebook照片

您的留言將使用 Facebook 帳號。 登出 /  變更 )

連結到 %s