A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades

An informational cascade occurs when it is optimal for an individual, having observed the actions of those ahead of him, to follow the behavior of the preceding individual without regard to his own information. We argue that localized conformity of behavior and the fragility of mass behaviors can be explained by informational cascades

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Year of publication:	2009
Authors:	Bikhchandani, Sushil ; Welch, Ivo ; Hirshleifer, David A.
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Informationsökonomik \| Economics of information \| Verhaltensökonomik \| Behavioral economics

Extent:	1 Online-Ressource (51 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Political Economy, Vol. 100, No. 5, pp. 992-1026, October 1992 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 1992 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014047134