Limited Depth of Reasoning and Failure of Cascade Formation in the Laboratory

DOI10.1111/0034-6527.00290zbMath1096.91008OpenAlexW3126072805MaRDI QIDQ4823481

Dorothea Kübler, Georg Weizsäcker

Publication date: 28 October 2004

Published in: Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: http://eprints.lse.ac.uk/508/1/kwfinal.pdf

Mathematics Subject Classification ID

Decision theory (91B06) Memory and learning in psychology (91E40) Rationality and learning in game theory (91A26)

Related Items (20)

Informational herding with model misspecification ⋮ Averting economic collapse and the solipsism bias ⋮ An experiment on behavior in social learning games with collective preferences ⋮ Paying for confidence: an experimental study of the demand for non-instrumental information ⋮ Voting behavior under outside pressure: promoting true majorities with sequential voting? ⋮ Herding, social preferences and (non-)conformity ⋮ Social learning in networks: a quantal response equilibrium analysis of experimental data ⋮ An experiment of social learning with endogenous timing ⋮ A cognitive hierarchy model of learning in networks ⋮ Strategic reasoning in \(p\)-beauty contests ⋮ Multiple motives of pro-social behavior: evidence from the solidarity game ⋮ Altruistic observational learning ⋮ Information acquisition and provision in school choice: an experimental study ⋮ Belief updating and the demand for information ⋮ Burning money and (pseudo) first-mover advantages: an experimental study on forward induction ⋮ Fragility of information cascades: an experimental study using elicited beliefs ⋮ On the beliefs off the path: equilibrium refinement due to quantal response and level-\(k\) ⋮ Error cascades in observational learning: an experiment on the Chinos game ⋮ Information choice in a social learning experiment ⋮ Cognitively-constrained learning from neighbors

This page was built for publication: Limited Depth of Reasoning and Failure of Cascade Formation in the Laboratory