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 …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 …

"information cascade" in which later predictions match the early announcements. This paper reports an experiment in which private … two urns was used for the draws. If initial decisions coincide, then it is rational for subsequent decision makers to …