Showing 1 - 10 of 2,067
Persistent link: https://www.econbiz.de/10000966483
We designed four observational learning experiments to identify the key channels that, along with Bayes …-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in … observational learning accounts for the phenomenon of excessive herding, it captures well herd behavior with medium quality signals …
Persistent link: https://www.econbiz.de/10011789104
Persistent link: https://www.econbiz.de/10012547395
Persistent link: https://www.econbiz.de/10001553997
Persistent link: https://www.econbiz.de/10001508431
Persistent link: https://www.econbiz.de/10009663236
Persistent link: https://www.econbiz.de/10009749970
Persistent link: https://www.econbiz.de/10009696023
Persistent link: https://www.econbiz.de/10012234618
The underpricing of initial public offerings is a well-documented fact of empirical equity market research. Theories explain this underpricing with market imperfections. We study three empirically relevant IPO mechanisms under almost perfect market conditions in the laboratory: a stylized book...
Persistent link: https://www.econbiz.de/10012233231