A simple model of herd behavior, a comment

In this paper we analyze the role played by the tie-breaking assumptions in Banerjee’s model of herd behavior. Changing one assumption we obtain three important results: players’ strategies are parameter dependent; an incorrect herd could be reversed; a correct herd is irreversible.

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Year of publication:	2012
Authors:	Morone, Andrea
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 114.2012, 2, p. 208-211
Publisher:	Elsevier
Subject:	Herd behavior \| Tie-breaking rules \| Lock-in

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Type of publication:	Article
Classification:	D8 - Information and Uncertainty
Source:	RePEc - Research Papers in Economics

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