Learning from the Behavior of Others : Conformity, Fads, and Informational Cascades

Learning by observing the past decisions of others can help explain some otherwise puzzling phenomena about human behavior. For example, why do people tend to converge on similar behavior? Why is mass behavior prone to error and fads? The authors argue that the theory of observational learning, and particularly of informational cascades, has much to offer economics, business strategy, political science, and the study of criminal behavior

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Year of publication:	2008
Authors:	Bikhchandani, Sushil ; Hirshleifer, David A. ; Welch, Ivo
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Lernprozess \| Learning process \| Informationsökonomik \| Economics of information \| Herdenverhalten \| Herding
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Economic Perspectives, Vol. 12, No. 3, pp. 151-70, Summer 1998 Volltext nicht verfügbar
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014047115