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Information cascades have been studied in the literature where myopic selfish users sequentially appear and make a decision to buy a product based on their private observation about the value of the product and actions of their predecessors. Bikhchandani et. al (1992) and Banerjee (1992)...
Persistent link: https://www.econbiz.de/10012929053
There exists many real world scenarios where interaction among people in a society lead to polarization. This could be polarization of opinions based on people's political leanings, geographical polarization based on racial, religious, cultural, ideological identities or more. In this paper, we...
Persistent link: https://www.econbiz.de/10012829173