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Parimutuel Betting under Asymmetric Information
Koessler, Frederic; Ziegelmeyer, Anthony - 2004
This paper examines ¯nite parimutuel betting games with asymmetric information, with par-ticular attention to di®erences between sequential and simultaneous settings, and betweenfully rational and myopic (\price taking") behavior. In the simultaneous parimutuel market,all (symmetric and...
Persistent link: https://www.econbiz.de/10005845207
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A Simple Note on Informational Cascades
Fiore, Annamaria - 2011
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...
Persistent link: https://www.econbiz.de/10013132155
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A Simple Note on Informational Cascades
Fiore, Annamaria - 2010
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...
Persistent link: https://www.econbiz.de/10013135641
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Herding with Heterogeneous Ability : An Application to Organ Transplantation
Mel, Stephanie de; Munshi, Kaivan; Reiche, Soenje; … - National Bureau of Economic Research - 2021
assessment of the object's quality and herd behind their predecessors. Our research adds a new dimension to the canonical herding … herding based on this ability heterogeneity and also examine its efficiency consequences, applied to organ transplantation in … the U.K. We find that herding is common but that the information lost due to herding does not substantially increase false …
Persistent link: https://www.econbiz.de/10012660090
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The Consequences of Endogenizing Information for Herd Behavior
Swank, Otto H.; Visser, Bauke - 2003
In models of sequential decision making herd behaviour occurs if the signals smart (dumb) agents receive are (un …
Persistent link: https://www.econbiz.de/10014031097
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Optimal resort to court-appointed experts
Lambert, Eve-Angeline; Oytana, Yves - In: Review of law and economics : publ. in cooperation with … 15 (2019) 2, pp. 1-32
Persistent link: https://www.econbiz.de/10012197399
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Information markets : a new way of making decisions
Hahn, Robert William (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003283396
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Information cascades among groups and individuals : first results
Fahr, René; Irlenbusch, Bernd - In: Experimentelle Wirtschaftsforschung : …, (pp. 63-78). 2009
Persistent link: https://www.econbiz.de/10003909265
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Animal spirits in information cascade
Li, Jianbiao; Liu Guilin; Long, Ju - In: Nankai business review international 3 (2012) 2, pp. 167-186
Persistent link: https://www.econbiz.de/10009575227
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Democratic errors
Ellis, Christopher J.; Fender, John - 2010 - Rev.
Persistent link: https://www.econbiz.de/10009374233