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experiment with more than 6000 subjects, including a subsample of 267 consultants from an international consulting firm. We also …) in the context of herding.-- information cascades ; herding ; network effects ; experiment ; internet …
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Holmström's (1982/99) career concerns model has become an important workhorse for the analysis of agency issues in many fields. The underlying signal jamming argument requires players to use information in a Bayesian way which may or may not reasonably approximate real-life decision makers'...
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