and retard the production of information. Herding can thus produce negative externalities. And in such situations … less chosen. Anti-herding regulation provides a new means to attend to ways that mimicry can both suppress the production …

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 …