When a sequence of decision makers with private information announce public predictions, initial conformity can create … an information cascade in which all future decision makers will rationally match the early announcements and disregard … associated with information cascade during sequential decision-making. In our experiment, a participant receives a private signal …

When a sequence of decision makers with private information announce public predictions, initial conformity can create … an information cascade in which all future decision makers will rationally match the early announcements and disregard … associated with information cascade during sequential decision-making. In our experiment, a participant receives a private signal …

decision-making processes in the hierarchical organizations. The case of entering an investment project by the company is … thoroughly examined. The aim of the paper is to identify and explain managerial decision biases and risk of herd behavior …

command regulation, which has the potential to either deepen subservience or transcend it; and the institutional preconditions … the prospects for the democratic direction of financial market regulation, in terms of its distributional logics and …