Rohner, Dominic; Winestein, Anna; Frey, Bruno S. - Center for Research in Economics, Management and the … - 2006
. Most herding models are not able to explain such stability, instead predicting informational cascades to be fragile and … accumulation of consumption capital into a herding model. Further, the model is tested empirically by analyzing measures of … accumulate consumption capital for a particular style or artist and that this mechanism tends to make herding in arts stable over …
