Rohner, Dominic; Winestein, Anna; Frey, Bruno S. - Center for Research in Economics, Management and the … - 2006
Trends in arts and culture tend to be longer-lasting and less fragile than in other fields such as clothing design. Most herding models are not able to explain such stability, instead predicting informational cascades to be fragile and fads to be frequent. The present contribution is able to...