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We study observational learning in environments where customers choose among multiple options with uncertain quality for which they observe the aggregate choices of previous customers (the sales of each option). When customers have heterogeneous knowledge about quality, the choices of better...
Persistent link: https://www.econbiz.de/10012972123
We study the impact of observational learning in large scale congested service systems with servers having heterogenous quality levels and customers that are heterogonously informed about the server quality. Providing congestion information to all customers allows them to avoid congested...
Persistent link: https://www.econbiz.de/10011756896
Persistent link: https://www.econbiz.de/10011591828