In an information cascade experiment participants are confronted with artificial predecessors predicting in line with … coinciding predictions of predecessors are observed, regardless of whether additional information is revealed by these …

Plott, Wit & Yang (2003) conduct a betting market experiment and find: First, information was aggregated. This suggests … that traders updated their private information based on observed market odds. Second, a model based only on the use of … private information seems to fit their data best. The authors call this paradoxical. Because the original data are lost, we …

framework for this examination an information economic perspective, positing that the general goal of accounting research is …