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Excessive herding in the laboratory : the role of intuitive judgments

March, Christoph; Ziegelmeyer, Anthony - 2018

We designed four observational learning experiments to identify the key channels that, along with Bayes … actions, but they overweight their low quality signals relative to public information. Experiments 2-4 reveal that non …

Persistent link: https://www.econbiz.de/10011789104

Do we follow private information when we should? : laboratory evidence on naϊve herding

March, Christoph; Krügel, Sebastian; Ziegelmeyer, Anthony - 2012

. -- Information cascades ; Laboratory experiments ; Naive herding …

Persistent link: https://www.econbiz.de/10009487805

Fragility of information cascades : an experimental study using elicited beliefs

Koessler, Frédéric; Ziegelmeyer, Anthony; Bracht, Juergen - 2008

This paper examines the occurrence and fragility of information cascades in laboratory experiments. One group of low … private information. In line with existing experiments on information cascades, we find some evidence that low informed …

Persistent link: https://www.econbiz.de/10003803102

Behavioral social learning

March, Christoph; Ziegelmeyer, Anthony - 2009

We revisit the economic models of social learning by assuming that individuals update their beliefs in a non-Bayesian way. Individuals either overweigh or underweigh (in Bayesian terms) their private information relative to the public information revealed by the decisions of others and each...

Persistent link: https://www.econbiz.de/10003924223

"Do we follow others when we should? : a simple test of rational expectations" ; comment

Ziegelmeyer, Anthony; March, Christoph; Krügel, Sebastian - 2012

learning in information cascade experiments. He concludes that participants perform poorly when learning from others and that … rejected, but we measure a much larger success of social learning. -- Information Cascades ; Laboratory Experiments ; Quantal …

Persistent link: https://www.econbiz.de/10009500719

Altruistic observational learning

March, Christoph; Ziegelmeyer, Anthony - 2016

We report two information cascade game experiments that directly test the impact of altruism on observational learning …

Persistent link: https://www.econbiz.de/10011436128