observational learning accounts for the phenomenon of excessive herding, it captures well herd behavior with medium quality signals …We designed four observational learning experiments to identify the key channels that, along with Bayes … actions that contradict their high quality signals they herd more extensively than predicted by Bayes-rational herding …

We study perfect Bayesian equilibria of a sequential social learning model in which agents in a network learn about an … neighbors are mutually independent. We introduce a new metric of information diffusion in social learning, which is weaker than …