کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7243171 | 1471648 | 2017 | 9 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Helpful laymen in informational cascades
ترجمه فارسی عنوان
ناپلئان مفید در آبشارهای اطلاعاتی
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper extends Bikhchandani, Hirshleifer and Welch's informational cascade model by introducing two types of players, experts with high signal accuracy and laymen with low signal accuracy. Assuming players randomize when indifferent, if a small enough group of laymen are present in the population, the probability of having a correct cascade is strictly higher than if no laymen are present. The same result is robust to almost every tie-breaking rule.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Brought to you by:GAYATRI VIDYA PARISHAD COLLEGE OF ENGINEERING for Women due by 31 Dec 2017
Journal: Journal of Economic Behavior & Organization - Brought to you by:GAYATRI VIDYA PARISHAD COLLEGE OF ENGINEERING for Women due by 31 Dec 2017
نویسندگان
Jiemai Wu,