Two Experiments to Test a Model of Herd Behaviour.

We carry out two experiments to test a model of herd behaviout based on the work of Banerjee (1992). He shows that herding occurs as a result of people observing the actions of others and using this information in their own decision rule.

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Year of publication:	1998
Authors:	Allsopp, L. ; Hey, J.D.
Institutions:	Department of Economics, University of Birmingham
Subject:	INFORMATION \| DECISION MAKING

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	29 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005738254