Smarkusky, Debra; Bergman, Margo - Society for Computational Economics - SCE - 2005
Smith and Sørenson (2002) depart from Bikhchandani, Hirshleifer and Welsh’s (1999) herding framework in three ways; non-discrete signals, noise and multiple rational agent types. They refer to the standard model of a single type with no noise as a “herding†model, and differentiate...