Seminal models of herd behaviour and informational cascades point out existence of negative information externalities, and propose to 'destroy' information in order to achieve social improvements. Although in the last years many features of herd behaviour and informational cascades have been...

A theory is said to be fully absorbable whenever its own acceptance by all of the individuals belonging to a certain population does not question its predictive validity. This accounts for strategic equilibria and can be related to the logic underlying convergence of behaviour and intentional...

In the context of eliciting preferences for decision making under risk, we ask the question: which might be the 'best' method for eliciting such preferences?ʺ. It is well known that different methods differ in terms of the bias in the elicitation; it is rather less well-known that different...