Showing 1 - 10 of 3,365
The main objective of this paper is to present the implications for individual behavior of herd behavior understanding it as a social heuristic that in certain situations can allow to make decisions. The first part of the paper is a revision of the conventional theories and the limitations...
Persistent link: https://www.econbiz.de/10013156622
Persistent link: https://www.econbiz.de/10011695262
Persistent link: https://www.econbiz.de/10012129547
This paper reports the results of informational cascades experiments where two different decision-making systems, anti …
Persistent link: https://www.econbiz.de/10014068956
paper investigates how these findings translate to experts' decision making and information acquisition in the field. In a …Laboratory experiments find a robust relationship between decision times and perceived values of alternatives. This … be chosen later than earlier; (ii) decision time is higher when the likelihood of choosing each alternative is closer to …
Persistent link: https://www.econbiz.de/10014544793
Persistent link: https://www.econbiz.de/10012872401
Persistent link: https://www.econbiz.de/10012234723
Persistent link: https://www.econbiz.de/10013365158
Persistent link: https://www.econbiz.de/10013368355
Seminal models of herd behaviour and informational cascades point out existence of negative information externalities, and propose to 'destroy' information in order to achieve social improvements. Although in the last years many features of herd behaviour and informational cascades have been...
Persistent link: https://www.econbiz.de/10003614391