On the convergence of informational cascades

DOI10.1006/JETH.1993.1074zbMATH Open0796.90012OpenAlexW2033005305MaRDI QIDQ1317331FDOQ1317331

Authors In-Ho Lee 

Publication date 26 September 1994

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1006/jeth.1993.1074

zbMATH Keywords

information aggregationinformational cascadesequential action model

Mathematics Subject Classification ID

Economics of information (91B44)

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Cited In (33)

• Herding and bank runs
• Opinion dynamics and learning in social networks
• Logical models of informational cascades
• Aggregated beliefs and informational cascades
• Ex post regret and the decentralized sharing of information
• How fragile are information cascades?
• Herding with costly information
• Bayesian social learning with local interactions
• Learning from others: A welfare analysis
• Word-of-mouth learning.
• Hierarchical information and the rate of information diffusion
• Information disclosure and asymmetric speed of learning in booms and busts
• Financial crises as herds: overturning the critiques
• Professional advice
• The implications of pricing on social learning
• Social learning with endogenous observation
• On the role of responsiveness in rational herds
• Disagreement leads to complete learning: sequential choice with continuous types
• Aggregate information cascades
• Congested observational learning
• Information cascade on networks
• Identifiable information structures
• Payoff externalities and social learning
• Ambiguity and informativeness of (non-)trading
• Coordination and social learning
• Herding and the winner's curse in markets with sequential bids
• Mutual observability and the convergence of actions in a multi-person two-armed bandit model
• Informational cascades with endogenous prices: the role of risk aversion
• Interacting information cascades: on the movement of conventions between groups
• Taking the road less traveled by: Does conversation eradicate pernicious cascades?
• Quality signals in information cascades and the dynamics of the distribution of motion picture box office revenues
• Information cascades in the labor market
• Social learning with coordination motives

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