Herding, Social Preferences and (Non-) Conformity

We study the role of social preferences and conformity in explaining herding behavior in anonymous risky environments. In an experiment similar to information cascade settings, but with no private information, we find no evidence for conformity. On the contrary, we observe a significant amount of non-conforming behavior, which cannot be attributed to errors.

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Year of publication:	2005-11-16
Authors:	Corazzini, Luca ; Greiner, Ben
Institutions:	Staatswissenschaftliches Seminar, Wirtschafts- und Sozialwissenschaftliche Fakultät
Subject:	herding \| information cascades \| conformity \| non-conformity \| laboratory experiments

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Extent:	application/pdf
Series:	Working Paper Series in Economics.
Type of publication:	Book / Working Paper
Notes:	Forthcoming Economics Letters Number 21
Classification:	C92 - Laboratory; Group Behavior ; D31 - Personal Income, Wealth and Their Distributions ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005765389