Spiwoks, Markus; Bizer, Kilian; Hein, Oliver - In: Journal of Economic Behavior & Organization 67 (2008) 1, pp. 193-199
Experimental research found contradictory results regarding the occurrence of informational cascades. Whereas Anderson and Holt [Anderson, L.R., Holt, C.A., 1997. Information cascades in the laboratory. The American Economic Review 87, 847-862] confirmed the model of Banerjee [Banerjee, A.V.,...
