We revisit the economic models of social learning by assuming that individuals update their beliefs in a non … heterogeneous updating rules in a simple social learning environment reconciles equilibrium predictions with laboratory evidence …. Additionally, a model of social learning with bounded private beliefs and sufficiently rich updating rules corresponds to a model …

same public information and similar evaluation methods, and because of social learning or herding amongst peers. We analyse … problem and to quantitatively assess answers regarding the initial questions. We find strong evidence for herding in …) included in the model. Compared to counterfactual expectations without herding constructed from the estimates, herding seems to …

The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani …

We consider a simple model that combines elements of search and social learning. Acting in sequence, and observing the … expected payoffs and demonstrate that social learning may be most effective if agents are heterogenous. …

Traditional models of bank runs do not allow for herding effects, because in these models withdrawal decisions are …'s portfolio, and the withdrawal histories of the other depositors. In some cases, the optimal banking contract permits herding …

We derive microscopic foundations for a well-known probabilistic herding model in the agent-based finance literature …

herding. The model's original version suffers from the problem of N-dependence: its ability to replicate the statistical …

private information. Path-dependency can be of two types contingent on whether agents act with the crowd (herding) or against … uncertainty that their predecessors acted purely for liquidity motives. In this setting we recover herding and contrarianism and …-dependent behavior more easily than poorly informed ones. Moreover, we illustrate how a market dominated by herding features a price that …

organizational culture fosters the process of learning and competence building and works as a glue between people and the … organization they belong to. We employ a most recently developed approach belonging to market process theory, the so …-called 'competence-based theory of the firm', to explain these causal relationships. …

active learning possibilities has effects on the optimal interest rate rule followed by the central bank.For a wide range of …