Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062312 | Economics Letters | 2007 | 7 Pages |
Abstract
We study the role of social preferences and conformity in explaining herding behavior in anonymous risky environments. In an experiment similar to information cascade settings, but with no private information, we find no evidence for conformity. On the contrary, we observe a significant amount of non-conforming behavior, which cannot be attributed to errors.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Luca Corazzini, Ben Greiner,