We review the theory of information cascades and social learning. Our goal is to describe in a relatively integrated and accessible way the more important themes, insights and applications of the literature as it has developed over the last thirty years. We also highlight open questions and promising directions for further theoretical and empirical exploration
Experimental evidence shows that an important reason why people tend to imitate others, to exhibit “...
In this chapter we review the redictions arising from theoretical models and outline the current emp...
In the social learning model of Banerjee [1] and Bikhchandani, Hirshleifer and Welch [2] individuals...
The social learning literature shows that when agents learn from the actions of others (in addition ...
This thesis offers a contribution to the study of Social Learning and Networks. It studies informati...
This paper argues that some of the pathologies identified by the social learning literature are not ...
Social and economic networks play an increasingly significant role in people's lives. The formation ...
Over the past few years, online social networks have become nearly ubiquitous, reshaping our social ...
We revisit the economic models of social learning by assuming that individuals update their beliefs ...
Over the past few years, online social networks have become nearly ubiquitous, reshaping our social ...
We consider an environment where individuals sequentially choose among several actions. The payoff t...
This thesis contains four chapters presenting theory and empirical evidence for two distinct aspect...
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.W...
An informational cascade occurs when it is optimal for an individual, having observed the actions of...
An “information cascade” occurs when initial decisions coincide in a way that it is optimal for each...
Experimental evidence shows that an important reason why people tend to imitate others, to exhibit “...
In this chapter we review the redictions arising from theoretical models and outline the current emp...
In the social learning model of Banerjee [1] and Bikhchandani, Hirshleifer and Welch [2] individuals...
The social learning literature shows that when agents learn from the actions of others (in addition ...
This thesis offers a contribution to the study of Social Learning and Networks. It studies informati...
This paper argues that some of the pathologies identified by the social learning literature are not ...
Social and economic networks play an increasingly significant role in people's lives. The formation ...
Over the past few years, online social networks have become nearly ubiquitous, reshaping our social ...
We revisit the economic models of social learning by assuming that individuals update their beliefs ...
Over the past few years, online social networks have become nearly ubiquitous, reshaping our social ...
We consider an environment where individuals sequentially choose among several actions. The payoff t...
This thesis contains four chapters presenting theory and empirical evidence for two distinct aspect...
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.W...
An informational cascade occurs when it is optimal for an individual, having observed the actions of...
An “information cascade” occurs when initial decisions coincide in a way that it is optimal for each...
Experimental evidence shows that an important reason why people tend to imitate others, to exhibit “...
In this chapter we review the redictions arising from theoretical models and outline the current emp...
In the social learning model of Banerjee [1] and Bikhchandani, Hirshleifer and Welch [2] individuals...