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Undocumented worker employment and firm survival
Brown, J. David (contributor);  … - 2009
. 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 …
Persistent link: https://www.econbiz.de/10003794077
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Tracking the herd with a shotgun - why do peers influence college major selection?
Insler, Michael A.; Rahman, Ahmed S.; Smith, Katherine A. - 2021
reassignments of certain student groups into new peer groups, we also explore the reasons why herding occurs. The preponderance of … evidence suggests that social learning, as opposed to network externalities, is the key driver for herding behavior. …
Persistent link: https://www.econbiz.de/10012519264
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Do we follow others when we should? : a simple test of rational expectations
Weizsäcker, Georg (contributor) - 2008
The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani, Hirshleifer, and Welch (1992). The large amount of data makes it possible to estimate the empirically optimal action for a large variety of decision situations and ask about the economic...
Persistent link: https://www.econbiz.de/10003741924
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Why pay taxes when no one else does?
Epstein, Gil S.; Gang, Ira N. - 2009
In this paper we try to understand the phenomena whereby a large proportion of the population evades tax payments. We present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and analyze the connection between the decision of a...
Persistent link: https://www.econbiz.de/10003832265
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Mind the gap : crowd-funding and the role of seed money
Deutsch, Joseph; Epstein, Gil S.; Nir, Alon - 2015
We analyze voluntary private contributions to public goods and the role seed money plays in signaling the public good's quality to potential subsequent contributors. We present a theoretical model and analyze two sets of naturally occurring data from crowd-funding platforms. After developing the...
Persistent link: https://www.econbiz.de/10010502674
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Same process, different outcomes : group performance in an acquiring a company experimen
Casari, Marco; Zhang, Jingjing; Jackson, Christine - 2015
It is still an open question when groups perform better than individuals in intellective tasks. We report that in an Acquiring a Company game, what prevailed when there was disagreement among group members was the median proposal and not the best proposal. This aggregation rule explains why...
Persistent link: https://www.econbiz.de/10011449224
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Informational cascades and decision to migrate
Epstein, Gil S. - 2002
We introduce the idea that informational cascades can explain the observed regularity that emigrants from the same locations also tend to choose the same foreign locations. Thus informational cascades generate herd behavior. Herd behavior is compared with the network externalities explanation of...
Persistent link: https://www.econbiz.de/10011406717
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Herding, warfare, and a culture of honor: global evidence
Cao, Yiming; Enke, Benjamin; Falk, Armin; Giuliano, Paola; … - 2021
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 …
Persistent link: https://www.econbiz.de/10012624705
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Why is unemployment duration a sorting criterion in hiring?
Van Belle, Eva; Caers, Ralf; Couck, Marijke de; Di … - 2017
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 …
Persistent link: https://www.econbiz.de/10011704177
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Exponent of cross-sectional dependence : estimation and inference
Bailey, Natalia; Kapetanios, George; Pesaran, M. Hashem - 2012
An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10009530816