In this paper we analyze the role played by the tie-breaking assumptions in Banerjee’s model of herd behavior. Changing one assumption we obtain three important results: players’ strategies are parameter dependent; an incorrect herd could be reversed; a correct herd is irreversible
We analyze a sequential decision model, where in every period a new agent seeks to determine the pay...
While herding has long been suspected to play a role in financial market booms and busts, theoretica...
Due to data limitations and the absence of testable, model-based predictions, theory and evidence on...
In his ‘Simple model of herd behaviour’, Banerjee (1992) shows that – in a sequential game – if the ...
In his ‘Simple model of herd behaviour’, Banerjee (1992) shows that – in a sequential game – if the ...
In this paper we analyze the role played by the tie-breaking assumptions in Banerjee’s model of herd...
In his "Simple model of herd behaviour", Banerjee (1992) shows that - in a sequential game - if the ...
We carry out two experiments to test a model of herd behaviour based on the work of Banerjee (1992)....
We carry out two experiments to test a model of herd behaviour based on the work of Banerjee (Quarte...
A theory is said to be fully absorbable whenever its own acceptance by all of the individuals belong...
We show that far from capturing a formally new phenomenon, informational herding is really a special...
This literature review examines properties of two basic models of herd behavior and drafts some welf...
This article takes as its point of departure the herding model of Bikhchandani et al. (1992). We ex...
Paper (i) uncovers the close connection between reputational and statistical herding and (ii) shows ...
Individual choices are either based on personal experience or on information provided by peers. The ...
We analyze a sequential decision model, where in every period a new agent seeks to determine the pay...
While herding has long been suspected to play a role in financial market booms and busts, theoretica...
Due to data limitations and the absence of testable, model-based predictions, theory and evidence on...
In his ‘Simple model of herd behaviour’, Banerjee (1992) shows that – in a sequential game – if the ...
In his ‘Simple model of herd behaviour’, Banerjee (1992) shows that – in a sequential game – if the ...
In this paper we analyze the role played by the tie-breaking assumptions in Banerjee’s model of herd...
In his "Simple model of herd behaviour", Banerjee (1992) shows that - in a sequential game - if the ...
We carry out two experiments to test a model of herd behaviour based on the work of Banerjee (1992)....
We carry out two experiments to test a model of herd behaviour based on the work of Banerjee (Quarte...
A theory is said to be fully absorbable whenever its own acceptance by all of the individuals belong...
We show that far from capturing a formally new phenomenon, informational herding is really a special...
This literature review examines properties of two basic models of herd behavior and drafts some welf...
This article takes as its point of departure the herding model of Bikhchandani et al. (1992). We ex...
Paper (i) uncovers the close connection between reputational and statistical herding and (ii) shows ...
Individual choices are either based on personal experience or on information provided by peers. The ...
We analyze a sequential decision model, where in every period a new agent seeks to determine the pay...
While herding has long been suspected to play a role in financial market booms and busts, theoretica...
Due to data limitations and the absence of testable, model-based predictions, theory and evidence on...
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