Groupthink: Collective Delusions in Organizations and Markets
DOI10.1093/RESTUD/RDS030zbMATH Open1263.91030OpenAlexW3121977984MaRDI QIDQ4922016FDOQ4922016
Publication date: 28 May 2013
Published in: Review of Economic Studies (Search for Journal in Brave)
Full work available at URL: http://www.nber.org/papers/w14764.pdf
psychologyfinancial crisisspeculative bubblesoverconfidencecognitive dissonancemarket crasheswishful thinkinggroupthinkmarket exuberancemaniasorganizational culturemoraleanticipatory feelingstoxic assets
Group preferences (91B10) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Economics of information (91B44)
Cited In (12)
- Motivated memory in economics -- a review
- The importance of expertise in group decisions
- Socially interdependent risk taking
- Heterogeneous network games: conflicting preferences
- Process manipulation in unique implementation
- Why votes have value: instrumental voting with overconfidence and overestimation of others' errors
- Asset holdings, information aggregation in secondary markets and credit cycles
- Imperfect memory and choice under risk
- Utility from anticipation and personal equilibrium
- Value homophily benefits cooperation but motivates employing incorrect social information
- Boom-bust dynamics in a stock market participation model with heterogeneous traders
- On self-serving strategic beliefs
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