| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072162 | Games and Economic Behavior | 2011 | 19 Pages |
Abstract
⺠We present a model in which agents make a binary decision in sequence. ⺠Agents do not know their position in the sequence. Only one action is observable. ⺠Agents only know the number of predecessors who have chosen the observable action. ⺠We show that only the cascade on the observable action arises in equilibrium. ⺠A cascade on the unobservable action never arises.
Related Topics
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Economics and Econometrics
Authors
Antonio Guarino, Heike Harmgart, Steffen Huck,