effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet …Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet …, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In …

, including a subsample of 267 consultants from an international consulting firm, participated in an internet experiment. We also …Most real world situations which are susceptible to herding are also characterized by direct payoff externalities. Yet … study several different forms of payoff externalities that interact with a standard herding model. More than 6000 subjects …

effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet …Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet …, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In …

effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet …Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet …, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In …

Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004: We report results of an internet experiment … subjects, including a subsample of 267 consultants from an international consulting firm, participated in the experiment. As … predicted by theory, we find that the presence of a flexible market price prevents herding. However, the presence of contrarian …

effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet …Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet …, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In …

) in the context of herding.-- information cascades ; herding ; network effects ; experiment ; internet … effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet …Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet …

Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004: We report results of an internet experiment … subjects, including a subsample of 267 consultants from an international consulting firm, participated in the experiment. As … predicted by theory, we find that the presence of a flexible market price prevents herding. However, the presence of contrarian …

Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004We report results of an internet experiment … subjects, including a subsample of 267 consultants from an international consulting firm, participated in the experiment. As … predicted by theory, we find that the presence of a flexible market price prevents herding. However, the presence of contrarian …