Search Results - subject:"Observational Learning"

Sgroi, D. - Faculty of Economics, University of Cambridge - 2004

Is majority opinion a better guide to action than a minority view? This paper demonstrates that a direct application of rational herding theory to this novel area can produce a surprisingly counter-intuitive result: given (i) the minority has a clear conformist view and (ii) decision-makers...

Persistent link: https://www.econbiz.de/10005647477

Tucker, Catherine; Zhang, Juanjuan - In: Management Science 57 (2011) 5, pp. 828-842

Popularity information is usually thought to reinforce existing sales trends by encouraging customers to flock to mainstream products with broad appeal. We suggest a countervailing market force: popularity information may benefit niche products with narrow appeal disproportionately, because the...

Persistent link: https://www.econbiz.de/10009197558

The Sound of Silence: Observational Learning in the U.S. Kidney Market

Zhang, Juanjuan - In: Marketing Science 29 (2010) 2, pp. 315-335

-level dynamic model of observational learning and applies it to a novel data set from the U.S. kidney market, where transplant … show that observational learning and information sharing shape consumer choices in markedly different ways. Optimal … candidates on a waiting list sequentially decide whether to accept a kidney offer. We find strong evidence of observational …

Persistent link: https://www.econbiz.de/10008788305

SEQUENTIAL CHOICE AND NON-BAYESIAN OBSERVATIONAL LEARNING

WISEMAN, THOMAS - In: International Game Theory Review (IGTR) 11 (2009) 03, pp. 285-300

Standard models of observational learning in settings of sequential choice have two key features. The first is that … observational learning by players who choose between two actions using nonparametric methods for estimating payoffs. When players …

Persistent link: https://www.econbiz.de/10008493095

The role of externalities and information aggregation in market collapse

Gunay, Hikmet - In: Economic Theory 35 (2008) 2, pp. 367-379

Persistent link: https://www.econbiz.de/10005155421

Experimental internet auctions with random information retrieval

Sonsino, Doron; Ivanova-Stenzel, Radosveta - In: Experimental Economics 9 (2006) 4, pp. 323-341

We run an experiment where 97 subjects could retrieve records of completed past auctions before placing their bids in current one-bid, two-bid, and auction-selection games. Each subject was asked to participate in 3 current auctions; but could retrieve up to 60 records of completed (past)...

Persistent link: https://www.econbiz.de/10005809908

Investment, Private Information and Social Learning: A Case Study of the Semiconductor Industry

Cunningham, Rose - EconWPA - 2004

Social learning models of investment provide an interesting alternative explanation for sudden changes in investment behaviour. Caplin and Leahy (1994) develop a model of social learning in which agents learn about the true state of demand from the investment suspension decisions of other...

Persistent link: https://www.econbiz.de/10005412756

observational learning

Smith, Lones; Sørensen, Peter Norman - Palgrave Macmillan

Observational learning occurs when privately informed individuals sequentially choose among finitely many actions after …

Persistent link: https://www.econbiz.de/10009415656

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