Journal article | Zeitschriftenartikel
Informational Cascades: A Mirage?
Experimental research found contradictory results regarding the occurrence of informational cascades. Whereas Anderson and Holt (1997) confirmed the model of Banerjee (1992), and Bikhchandani et al. (1992) through lab tests, Huck and Oechssler (2000) came to contradictory results on crucial issues. This article presents experimental evidence supporting further doubts concerning "Bayesian" informational cascades: Just under two thirds of all decisions are characterized by an excessive orientation towards the private signal, and only a small number of the subjects (<6%) make rational decisions systematically and consistently.
- Extent
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Seite(n): 193-199
- Language
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Englisch
- Notes
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Status: Postprint; begutachtet (peer reviewed)
- Bibliographic citation
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Journal of Economic Behavior & Organization, 67(1)
- Subject
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Psychologie
Allgemeine Psychologie
- Event
-
Geistige Schöpfung
- (who)
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Spiwoks, Markus
Bizer, Kilian
Hein, Oliver
- Event
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Veröffentlichung
- (when)
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2008
- DOI
- URN
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urn:nbn:de:0168-ssoar-253794
- Rights
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GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Last update
- 21.06.2024, 4:26 PM CEST
Data provider
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GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Zeitschriftenartikel
Associated
- Spiwoks, Markus
- Bizer, Kilian
- Hein, Oliver
Time of origin
- 2008
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