Cao, H. Henry (contributor); Hirshleifer, David (contributor) - 2000 - [Elektronische Ressource]
predecessors’ actions, and show that when individuals stop using their own pri-
vate signals, improvements in decision quality … and are fragile; (4) the ability to observe past payoffs can reduce
average decision accuracy and welfare; and (5) delay …, political science, and economics.
2For a review of informational cascades/herding theory, social learning, and applications see …