Distinguishing Informational Cascades from Herd Behavior in the Laboratory

By Bogaçhan Çelen, Shachar Kariv. 2004

389 citations recorded by the source corpus.

Subfields: Management Science and Operations Research, Safety Research, Statistical and Nonlinear Physics

View Paper: https://www.semanticscholar.org/paper/b5bc48ac288d891aacf36c305b64ea4e27c0afdb

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Management Science and Operations Research

In Safety Research

In Statistical and Nonlinear Physics

Citations in the corpus

A Longitudinal Study of Herd Behavior in the Adoption and Continued Use of Technology (2013, background): “MIS Quarterly Vol. 37 No. 4—Appendices /December 2013 A3 Study Area Definition of Herd Behavior or Similar Concepts Major Findings Grinblatt et al. 1995 Financial investment Herding: The extent to which the group of mutual funds either predominantly buys or predominantly sells the same stock at the ”
Customer-to-Customer Interactions: Broadening the Scope of Word of Mouth Research (2010, background): “Yet, in a laboratory study, Celen and Kariv (2004a) find that—despite the informational equivalence of advice and actions—people are more willing to follow the advice given to them by their predecessors than to copy their actions.”
Rational Herding in Microloan Markets (2012, methodology): “Through laboratory experiments, Anderson and Holt (1997) and Çelen and Kariv (2004) directly observe the point in time when subjects join a herd.”
Bounded Rationality and Directed Cognition (2005, neutral): “1”
Do I Follow My Friends or the Crowd? Information Cascades in Online Movie Ratings (2015, neutral): “Several empirically oriented studies (e.g., Anderson and Holt 1997, Çelen and Kariv 2004a) demonstrate the convergence in individuals’ actions in experimental environments.”
Spread of (mis)information in social networks (2009, background): “This graph is given by (N ,A), where A is the set of undirected edges given by A = { {i, j} | Tij > 0 } , (11) 15In the sequel, the notation ∑ i,j will be used to denote the double sum ∑n i=1 ∑n j=1. and the weight we of edge e = {i, j} is given by the entry Tij = Tji of the matrix T .”