evidence suggests that social learning, as opposed to network externalities, is the key driver for herding behavior. … framework to highlight that individuals can emulate others for both information (social learning) and for socializing (network … reassignments of certain student groups into new peer groups, we also explore the reasons why herding occurs. The preponderance of …

The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani … variance that is due to situational differences. -- Social learning ; information cascades ; failure of rational expectations …

. Firms are found to engage in herding behavior, being more likely to employ undocumented workers if competitors do. Rivals … marginal revenue product. The herding behavior and competitive effects are found to be much weaker in geographically broad …

According to the widely known 'culture of honor' hypothesis from social psychology, traditional herding practices are …, and large-scale surveys. The data show systematic links between traditional herding practices and a culture of honor …. First, the culture of pre-industrial societies that relied on animal herding emphasizes violence, punishment, and revenge …

theory, and rational herding. We use the resulting data to estimate a multiple mediation model, in which the effect of the … rational herding. We use the resulting data to estimate a multiple mediation model, in which the effect of the duration of …