| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5295 |
| DP5295 Pooling-based data interpolation and backdating | |
| Massimiliano Marcellino | |
| 发表日期 | 2005-10-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In this paper we experimentally investigate the effects of several different forms of payoff externalities (e.g., network effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet experiment with more than 6000 subjects, including a subsample of 267 consultants from an international consulting firm. We also replicate and review earlier cascade experiments. Finally, we study reputation effects (i.e., the influence of success models) in the context of herding. |
| 主题 | Industrial Organization |
| 关键词 | Information cascades Herding Network effects Experiment Internet |
| URL | https://cepr.org/publications/dp5295 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534170 |
| 推荐引用方式 GB/T 7714 | Massimiliano Marcellino. DP5295 Pooling-based data interpolation and backdating. 2005. |
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