کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
885363 912676 2008 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Do individuals recognize cascade behavior of others? – An experimental study
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری بازاریابی و مدیریت بازار
پیش نمایش صفحه اول مقاله
Do individuals recognize cascade behavior of others? – An experimental study
چکیده انگلیسی

In an information cascade experiment participants are confronted with artificial predecessors predicting in line with the BHW model (Bikchandani, S., Hirshleifer, D., & Welch, I. (1992). A theory of fads, fashion, custom, and cultural change as informational cascades. Journal of Political Economy, 100, 992–1026). We study participants’ probability perceptions based on maximum prices for participating in the prediction game. We find increasing maximum prices the more coinciding predictions of predecessors are observed, regardless of whether additional information is revealed by these predictions. Individual price patterns of more than two thirds of the participants indicate that cascade behavior of predecessors is not recognized.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Psychology - Volume 29, Issue 2, April 2008, Pages 197–209
نویسندگان
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