Informational Cascades: A Mirage?

Spiwoks, Markus; Bizer, Kilian; Hein, Oliver

[journal article]

dc.contributor.author	Spiwoks, Markus	de
dc.contributor.author	Bizer, Kilian	de
dc.contributor.author	Hein, Oliver	de
dc.date.accessioned	2011-06-06T02:54:00Z	de
dc.date.accessioned	2012-08-29T23:00:41Z
dc.date.available	2012-08-29T23:00:41Z
dc.date.issued	2008	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/25379
dc.description.abstract	Experimental research found contradictory results regarding the occurrence of informational cascades. Whereas Anderson and Holt (1997) confirmed the model of Banerjee (1992), and Bikhchandani et al. (1992) through lab tests, Huck and Oechssler (2000) came to contradictory results on crucial issues. This article presents experimental evidence supporting further doubts concerning "Bayesian" informational cascades: Just under two thirds of all decisions are characterized by an excessive orientation towards the private signal, and only a small number of the subjects (<6%) make rational decisions systematically and consistently.	en
dc.language	en	de
dc.subject.ddc	Psychology	en
dc.subject.ddc	Psychologie	de
dc.subject.other	Informational cascades; Experiments; Bayes’ rule
dc.title	Informational Cascades: A Mirage?	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Journal of Economic Behavior & Organization	de
dc.source.volume	67	de
dc.source.issue	1	de
dc.subject.classoz	Allgemeine Psychologie	de
dc.subject.classoz	General Psychology	en
dc.identifier.urn	urn:nbn:de:0168-ssoar-253794	de
dc.date.modified	2011-06-15T14:36:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.gesis.collection	SOLIS;ADIS	de
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	3	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.rights.copyright	f	de
dc.source.pageinfo	193-199
internal.identifier.classoz	10703
internal.identifier.journal	196	de
internal.identifier.document	32
internal.identifier.ddc	150
dc.identifier.doi	https://doi.org/10.1016/j.jebo.2007.06.005	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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Allgemeine Psychologie
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