Ivanov, Asen; Levin, Dan; Peck, James - In: Journal of Economic Behavior & Organization 87 (2013) C, pp. 25-34
We experimentally study behavior in an endogenous-timing herding game. We find that subjects respond to their type and to observed investment activity in a sensible way, but there are also substantial departures from Nash Equilibrium. Some departures can be viewed as mere noise in decision...