Who Follows the Crowd – Groups or Individuals?

In games of social learning individuals tend to give too much weight to their own private information relative to the information that is conveyed by the choices of others. In this paper we investigate differences between individuals and small groups as decision makers in information cascade situations.[...]

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Year of publication:	2007-04-01
Authors:	Fahr, René ; Irlenbusch, Bernd
Institutions:	Universität <Köln> / Seminar für Allgemeine Betriebswirtschaftslehre und Personalwirtschaftslehre
Subject:	Individualismus \| individualism \| Information \| information \| Gruppenverhalten \| group membership

Table of Contents
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1. Introduction
2. Theory, Experimental Design and Procedure
3. Hypotheses on groups’ behaviour
4. Results
5. Conclusion
References

Persistent link: https://www.econbiz.de/10005868024