Optimizing information in the herd: Guinea pigs, profits, and welfare

DOI10.1006/GAME.2001.0881zbMATH Open1026.91065DBLPjournals/geb/Sgroi02OpenAlexW2081066195WikidataQ56429182 ScholiaQ56429182MaRDI QIDQ700131FDOQ700131

Authors: Daniel Sgroi 

Publication date: 30 September 2002

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: http://wrap.warwick.ac.uk/50142/1/WRAP_Sgroi_Paper9.pdf

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zbMATH Keywords

herd externalitymaximize salessocial plannervaluable or valueless product

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Rationality and learning in game theory (91A26)

Cites Work

• Social learning in recurring games

Cited In (27)

• New product launch: Herd seeking or herd preventing?
• How fragile are information cascades?
• Herding with costly information
• Social learning and delay in a dynamic model of price competition
• The optimal choice of pre-launch reviewer
• Sequential decisions with tests
• Monopoly pricing in the binary herding model
• The impact of animal welfare regulations on firms' product offerings: Humane or organic product?
• Multi-issue social learning
• HERDING WITH COSTLY INFORMATION
• Analysis on herding effect of agricultural land transaction behavior
• ``Since you're so rich, you must be really smart: talent, rent sharing, and the finance wage premium
• A network solution to robust implementation: the case of identical but unknown distributions
• A more credible approach to parallel trends
• A welfare analysis of occupational licensing in U.S. states
• Hazed and confused: the effect of air pollution on dementia
• IQ, expectations, and choice
• Learning from neighbours about a changing state
• Optimal feedback in contests
• Price discrimination in the information age: prices, poaching, and privacy with personalized targeted discounts
• Save, spend, or give? A model of housing, family insurance, and savings in old age
• Stratification trees for adaptive randomisation in randomised controlled trials
• Testing the production approach to markup estimation
• Unemployment insurance in macroeconomic stabilization
• Information design through scarcity and social learning
• Herd behaviour as an incentive scheme
• Herding with collective preferences

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