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

Previous research indicates that risky and uncertain marginal returns from the public good significantly lower contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed parameterization. Specifically, if the value of the...

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...