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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

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

Why pay taxes when no one else does?

Epstein, Gil S.; Gang, Ira N. - 2009

present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and …

Persistent link: https://www.econbiz.de/10003832265

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

Opinion copulas, homophily and multimodal marginals

Askitas, Nikos - 2017

An empirically founded and widely established driving force in opinion dynamics is homophily i.e. the tendency of "birds of a feather" to "flock together". The closer our opinions are the more likely it is that we will interact and converge. Models using these assumptions are called bounded...

Persistent link: https://www.econbiz.de/10011647658

The more you know : information effects on job application rates in a large field experiment

Gee, Laura K. - 2016

This paper presents the results from a 2.3 million person field experiment that varies whether or not a job seeker sees the number of applicants for a job posting on a large job posting website, LinkedIn. This intervention increases the likelihood that a person will finish an application by...

Persistent link: https://www.econbiz.de/10011581666

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

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

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

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 … mechanisms often related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing … related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing theory, and …

Persistent link: https://www.econbiz.de/10011704177