create a website

Information Cascades and Observational Learning. (2005). welch, ivo ; Hirshleifer, David ; Bikhchandani, Sushil.
In: Working Paper Series.
RePEc:ecl:ohidic:2005-22.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 38

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Bayesian Social Learning with Local Interactions. (2010). Ianni, Antonella ; Guarino, Antonio.
    In: Games.
    RePEc:gam:jgames:v:1:y:2010:i:4:p:438-458:d:9932.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Anderson, Lisa, and Charles Holt, 2000. Information Cascades and Rational Conformity, Encyclopedia of Cognitive Science, Macmillan.
    Paper not yet in RePEc: Add citation now
  2. Avery, Christopher and Peter Zemsky, 1998. Multi-Dimensional Uncertainty and Herd Behavior in Financial Markets, American Economic Review, 88, 724-48.

  3. Bandura, Albert, 1973. Aggression: A Social Learning Analysis, Prentice-Hall, Englewood Cliffs, NJ,.
    Paper not yet in RePEc: Add citation now
  4. Banerjee, Abhijit, 1992. A Simple Model of Herd Behavior, Quarterly Journal of Economics, 107, 797-8 18.

  5. Bartels, Larry, 1988. Presidential Primaries and the Dynamics of Public Choice, Princeton University Press, Princeton, New Jersey.
    Paper not yet in RePEc: Add citation now
  6. Berkowitz, Leonard, 1973. Studies of the Contagion of Violence, in Violence as Politics: A Series of Original Essays, Herbert Hirsch and David C. Perry, Eds, Harper & Row, New York.
    Paper not yet in RePEc: Add citation now
  7. Bernardo, Antonio and Ivo Welch, 2001. On the Evolution of Overconfidence and Entrepreneurs, Journal of Economics and Management Strategy, 10(3), 30 1-330.

  8. Bikhchandani, Sushil, and Sunil Sharma, 2001. Herd Behavior in Financial Markets: A Review, IMF Staff Papers, 47, 279-310.

  9. Bikhchandani, Sushil, David Hirshleifer, and Ivo Welch, 1992. A Theory of Fads, Fashion, Custom and Cultural Change as Informational Cascades, Journal of Political Economy, 100, 992-1026.

  10. Bikhchandani, Sushil, David Hirshleifer, and Ivo Welch, 1998. Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades, Journal of Economic Perspectives, 12, 151-170.

  11. Brown, Jeffrey, Zoran Ivkovié, Paul Smith, and Scott Weisbenner, 2005. Neighbors Matter: Community Effects and Stock Market Participation, University of Illinois at UrbanaChampaign.

  12. Cao, Henry, and David Hirshleifer, 2002. Taking the Road Less Traveled: Does Conversation Eradicate Pernicious Cascades? Ohio State University.

  13. Caplin, Andrew, and John Leahy, 1994. Business as Usual, Market Crashes, and Wisdom after the Fact, American Economic Review, 84, 548-565.

  14. Chamley, Christophe, 2004. Rational Herds: Economic Models of Social Learning, Cambridge University Press, Cambridge: UK.

  15. Chamley, Christophe, and Douglas Gale, 1994. Information Revelation and Strategic Delay in Irreversible Decisions, Econometrica, 62, 1065-85.
    Paper not yet in RePEc: Add citation now
  16. Choi, Jay Pil, 1997. Herd Behavior, the `Penguin Effect, and Suppression of Information Diffusion: An Analysis of Informational Externalities and Payoff Interdependency, Rand Journal of Economics, 28, 407-425.

  17. Cipriani, Marco, and Antonio Guarino, 2003. Herd Behavior and Contagion in Financial Markets, University College, London.

  18. Devenow, Andrea, and Ivo Welch, 1996. Rational Herding in Financial Economics, European Economic Review, 40, 603-6 15.

  19. Gale, Douglas, 1996. What Have We Learned from Social Learning? European Economic Review, 40, 6 17-628.

  20. Gang Suppression and Intervention: Problem and Response. Ottaviani, Marco and Peter Norman Sorensen, 2000. Herd Behavior and Investment: Comment, American Economic Review, 90(3), 695-704.

  21. Gibson, Robert M., and Jacob Hoglund, 1992. Copying and Sexual Selection. TREE 7-7, 229-232.
    Paper not yet in RePEc: Add citation now
  22. Glaeser, Edward, Bruce Sacerdote, and Jose Scheinkman, 1996. Crime and Social Interactions, Quarterly Journal of Economics, 111, 507-548.

  23. Golder P., Tellis G, 2004. Growing, growing, gone: Cascades, diffusion, and turning points in the product life cycle, Marketing Science, 23(2), 207-218, Grinblatt, Mark, Seppo Ikäheimo and Matti Keloharju, 2005. Interpersonal Effects in Consumption: Evidence from the Automobile Purchases of Neighbors, NBER working paper, Hirshleifer, David, and Siew Hong Teoh, Herding and Cascading in Capital Markets: A Review and Synthesis, European Financial Management, 2003, 9, 25-66.

  24. Hong, Harrison and Kubik, Jeffrey and Stein, Jeremy C., 2005, forthcoming, Thy Neighbors Portfolio: Word-of-Mouth Effects in the Holdings and Trades of Money Managers, Journal of Finance,.

  25. Kahan, Marcel, Social Influence, Social Meaning, and Deterrence, Virginia Law Review, 1997, 83, 276-304.
    Paper not yet in RePEc: Add citation now
  26. Landes, William, An Economic Study of U.S. Aircraft Hijacking, 1961-76, Journal of Law and Economics, 1978, 21, 1-32.

  27. Lee, In Ho, Market Crashes and Informational Avalanches, Review of Economic Studies, 65, 1998, 741-759.

  28. Lee, In Ho, On the Convergence of Informational Cascades, Journal of Economic Theory, 1993, 61, 396-411.

  29. Lohmann, Susanne, 1994. The Dynamics of Informational Cascades: The Monday Demonstrations in Leipzig, East Germany, 1989-91, World Politics, 47, 42-101.
    Paper not yet in RePEc: Add citation now
  30. Potential Disadvantages of Using Socially Acquired Information, Phil. Trans. R. Soc. Lond. B, 2002, 357, 1559-1566.
    Paper not yet in RePEc: Add citation now
  31. Robin, Eugene D., 1984. Matters of Life and Death: Risks vs. Benefits of Medical Care. New York: Freeman and Co.
    Paper not yet in RePEc: Add citation now
  32. Sheffrin, Steven M., and Robert K. Triest, 1992. Can Brute Detenence Backfire? Perceptions and Attitudes in Taxpayer Compliance, in Why People Pay Taxes, 193-2 18, Joel Slemrod, ed.

  33. Skogan, Wesley G, 1990. Disorder and Decline: Crime and the Spiral of Decay in American Neighborhoods, Free Press, New York, NY.
    Paper not yet in RePEc: Add citation now
  34. Smith, Lones and Peter Sorenson, 2000. Pathological Outcomes of Observational Learning, Econometrica, 68, 371-398.

  35. Taylor, Richard, 1988.Medicine Out of Control: The Anatomy of a Malignant Technology, Melbourne: Sun Books.
    Paper not yet in RePEc: Add citation now
  36. Vives, Xavier, 1993. How Fast Do Rational Agents Learn? Review of Economic Studies, 60, 329-347.

  37. Welch, Ivo, 1992. Sequential Sales, Learning and Cascades, The Journal of Finance, 47, 695-732.

  38. Wermers, Russell, 1999. Mutual Fund Herding and the Impact on Stock Prices, Journal of Finance, 54, 58 1-622.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Rational expectations equilibrium with uncertain proportion of informed traders. (2013). Wang, Jun ; Song, Fengming ; Gao, Feng.
    In: Journal of Financial Markets.
    RePEc:eee:finmar:v:16:y:2013:i:3:p:387-413.

    Full description at Econpapers || Download paper

  2. Why Do Institutional Investors Chase Return Trends?. (2012). Kaniel, Ron ; Yoeli, Uzi ; Alt, Aydogan .
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:8773.

    Full description at Econpapers || Download paper

  3. Behavioral Biases, Informational Externalities, and Efficiency in Endogenous-Timing Herding Games: an Experimental Study. (2010). Peck, James ; Levin, Dan ; Ivanov, Asen.
    In: Working Papers.
    RePEc:vcu:wpaper:1004.

    Full description at Econpapers || Download paper

  4. Explaining House Price Fluctuations. (2009). Hott, Christian.
    In: Working Papers.
    RePEc:snb:snbwpa:2009-05.

    Full description at Econpapers || Download paper

  5. THE BUZZ IN THE PITS: LIVESTOCK FUTURES RESPONSE TO A RUMOR OF FOREIGN ANIMAL DISEASE. (2009). Hagerman, Amy ; Jin, Yanhong.
    In: 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin.
    RePEc:ags:aaea09:49493.

    Full description at Econpapers || Download paper

  6. On SARS type economic effects during infectious disease outbreaks. (2008). Brahmbhatt, Milan ; Dutta, Arindam.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:4466.

    Full description at Econpapers || Download paper

  7. Information Aggregation and Beliefs in Experimental Parimutuel Betting Markets. (2007). Ziegelmeyer, Anthony ; Noussair, Charles ; Koessler, Frederic.
    In: Jena Economics Research Papers.
    RePEc:jrp:jrpwrp:2007-033.

    Full description at Econpapers || Download paper

  8. Transaction costs and informational cascades in financial markets: Theory and experimental evidence.. (2007). Guarino, Antonio ; Cipriani, Marco.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2007736.

    Full description at Econpapers || Download paper

  9. Do individuals recognize cascade behavior of others? An Experimental Study. (2006). Grebe, Tim ; Schmid, Julia ; Stiehler, Andreas.
    In: Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems.
    RePEc:trf:wpaper:180.

    Full description at Econpapers || Download paper

  10. Heterogeneity in Economics. (2006). Kirman, Alan.
    In: Journal of Economic Interaction and Coordination.
    RePEc:spr:jeicoo:v:1:y:2006:i:1:p:89-117.

    Full description at Econpapers || Download paper

  11. Learning, Cascades and Transaction Costs. (2006). Romano, Maria.
    In: CSEF Working Papers.
    RePEc:sef:csefwp:123.

    Full description at Econpapers || Download paper

  12. Information Cascades: Evidence from An Experiment with Financial Market Professionals. (2006). List, John ; Alevy, Jonathan ; Haigh, Michael S..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12767.

    Full description at Econpapers || Download paper

  13. Parimutuel Betting under Asymmetric Information. (2006). Ziegelmeyer, Anthony ; Noussair, Charles ; Koessler, Frederic.
    In: Papers on Strategic Interaction.
    RePEc:esi:discus:2006-05.

    Full description at Econpapers || Download paper

  14. Media Frenzies in Markets for Financial Information. (2006). Veldkamp, Laura.
    In: American Economic Review.
    RePEc:aea:aecrev:v:96:y:2006:i:3:p:577-601.

    Full description at Econpapers || Download paper

  15. Is playing alone in the darkness sufficient to prevent informational cascades?. (2005). Morone, Andrea ; Fiore, Annamaria.
    In: Experimental.
    RePEc:wpa:wuwpex:0503002.

    Full description at Econpapers || Download paper

  16. Herd Behavior in a Laboratory Financial Market. (2005). Guarino, Antonio ; Cipriani, Marco.
    In: Experimental.
    RePEc:wpa:wuwpex:0502002.

    Full description at Econpapers || Download paper

  17. Circuit Breakers with Uncertainty about the Presence of Informed Agents: I Know What You Know … I Think. (2005). Ackert, Lucy ; Jayaraman, Narayanan ; Church, Bryan K.
    In: Financial Markets, Institutions & Instruments.
    RePEc:wly:finmar:v:14:y:2005:i:3:p:135-168.

    Full description at Econpapers || Download paper

  18. Is playing alone in the darkness sufficient to prevent informational cascades?. (2005). Morone, Andrea ; Fiore, Annamaria.
    In: Papers on Strategic Interaction.
    RePEc:esi:discus:2005-09.

    Full description at Econpapers || Download paper

  19. Signal Accuracy and Informational Cascades. (2005). Pastine, Ivan.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5219.

    Full description at Econpapers || Download paper

  20. Social Learning in Continuous Time: When are Informational Cascades More Likely to be Inefficient?. (2005). Pastine, Ivan.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5120.

    Full description at Econpapers || Download paper

  21. Dynamic Monopoly Pricing and Herding. (2005). Vesterlund, Lise ; Ottaviani, Marco ; Bose, Subir ; Orosel, Gerhard O.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5003.

    Full description at Econpapers || Download paper

  22. Reputation and Asset Prices: A Theory of Information Cascades and Systematic Mispricing. (2005). Prat, Andrea ; Dasgupta, Amil.
    In: Levine's Bibliography.
    RePEc:cla:levrem:784828000000000368.

    Full description at Econpapers || Download paper

  23. The Price of Conformism. (2005). Prat, Andrea ; Verardo, Michela ; Dasgupta, Amil.
    In: Levine's Bibliography.
    RePEc:cla:levrem:784828000000000357.

    Full description at Econpapers || Download paper

  24. Rational Information Choice in Financial Market Equilibrium. (2005). Muendler, Marc-Andreas ; Mundler, Marc Andreas.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_1436.

    Full description at Econpapers || Download paper

  25. Complementarities in Information Acquisition with Short-Term Trades. (2005). Chamley, Christophe.
    In: Boston University - Department of Economics - The Institute for Economic Development Working Papers Series.
    RePEc:bos:iedwpr:dp-156.

    Full description at Econpapers || Download paper

  26. Ambiguity in Financial Markets: Herding and Contrarian Behaviour. (2005). Kelsey, David ; Pang, W.
    In: Discussion Papers.
    RePEc:bir:birmec:05-11.

    Full description at Econpapers || Download paper

  27. Herd Behavior in a Laboratory Financial Market. (2005). Guarino, Antonio ; Cipriani, Marco.
    In: American Economic Review.
    RePEc:aea:aecrev:v:95:y:2005:i:5:p:1427-1443.

    Full description at Econpapers || Download paper

  28. Herding and Contrarian Behavior in Financial Markets: An Internet Experiment. (2005). Roider, Andreas ; Oechssler, Jörg ; Drehmann, Mathias.
    In: American Economic Review.
    RePEc:aea:aecrev:v:95:y:2005:i:5:p:1403-1426.

    Full description at Econpapers || Download paper

  29. Herding and Contrarian Behavior in Financial Markets - An Internet Experiment. (2004). Roider, Andreas ; Oechssler, Jörg ; Drehmann, Mathias.
    In: Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems.
    RePEc:trf:wpaper:7.

    Full description at Econpapers || Download paper

  30. Parimutuel Betting under Asymmetric Information. (2004). Ziegelmeyer, Anthony ; Koessler, Frederic.
    In: Papers on Strategic Interaction.
    RePEc:esi:discus:2003-34.

    Full description at Econpapers || Download paper

  31. Distinguishing Informational Cascades from Herd Behavior in the Laboratory. (2004). Çelen, Boğaçhan ; Kariv, Shachar ; Boğachan Celen, .
    In: American Economic Review.
    RePEc:aea:aecrev:v:94:y:2004:i:3:p:484-498.

    Full description at Econpapers || Download paper

  32. Financial Crises as Herds: Overturning the Critiques. (2003). Kehoe, Patrick ; Chari, Varadarajan.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9658.

    Full description at Econpapers || Download paper

  33. Financial crises as herds: overturning the critiques. (2003). Kehoe, Patrick ; Chari, Varadarajan.
    In: Staff Report.
    RePEc:fip:fedmsr:316.

    Full description at Econpapers || Download paper

  34. Information Aggregation with Random Ordering: Cascades and Overconfidence. (2003). Weber, Martin ; Noth, Markus.
    In: Economic Journal.
    RePEc:ecj:econjl:v:113:y:2003:i:484:p:166-189.

    Full description at Econpapers || Download paper

  35. Herding, A-synchronous Updating and Heterogeneity in Memory in a CBS. (2003). Diks, Cees ; van der Weide, R..
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:03-06.

    Full description at Econpapers || Download paper

  36. On the timing of balance of payments crises: Disaggregated information and interest rate policy. (2002). Broner, Fernando.
    In: Economics Working Papers.
    RePEc:upf:upfgen:840.

    Full description at Econpapers || Download paper

  37. Parimutuel Betting under Asymmetric Information. (2002). Ziegelmeyer, Anthony ; Koessler, Frederic.
    In: Working Papers of BETA.
    RePEc:ulp:sbbeta:2002-17.

    Full description at Econpapers || Download paper

  38. On the robustness of herds. (2002). Kehoe, Patrick ; Chari, Varadarajan.
    In: Working Papers.
    RePEc:fip:fedmwp:622.

    Full description at Econpapers || Download paper

  39. Circuit breakers with uncertainty about the presence of informed agents: I know what you know . . . I think. (2002). Ackert, Lucy ; Jayaraman, Narayanan ; Church, Bryan K..
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:2002-25.

    Full description at Econpapers || Download paper

  40. Risk aversion and herd behavior in financial markets. (2002). Lovo, Stefano ; Décamps, Jean-Paul ; Decamps, Jean-Paul.
    In: HEC Research Papers Series.
    RePEc:ebg:heccah:0758.

    Full description at Econpapers || Download paper

  41. Modelling Financial Instability: A Survey of the Literature. (2002). Lai, Alexandra.
    In: Staff Working Papers.
    RePEc:bca:bocawp:02-12.

    Full description at Econpapers || Download paper

  42. Investment Behaviour of German Equity Fund Managers - An Exploratory Analysis of Survey Data. (2001). Arnswald, Torsten.
    In: Discussion Paper Series 1: Economic Studies.
    RePEc:zbw:bubdp1:4154.

    Full description at Econpapers || Download paper

  43. Capital Mobility, Real Exchange Rate Appreciation And Asset Price Bubbles in Emerging Economies. (2001). Oreiro, José Luís.
    In: Anais do XXIX Encontro Nacional de Economia [Proceedings of the 29th Brazilian Economics Meeting].
    RePEc:anp:en2001:040.

    Full description at Econpapers || Download paper

  44. Learning in Economics: Where Do We Stand?. (2000). Slembeck, Tilman.
    In: Microeconomics.
    RePEc:wpa:wuwpmi:0004007.

    Full description at Econpapers || Download paper

  45. Nested Information and Manipulation in Financial Markets. (2000). Chakraborty, Archishman ; Yilmaz, Bilge.
    In: Rodney L. White Center for Financial Research Working Papers.
    RePEc:fth:pennfi:6-00.

    Full description at Econpapers || Download paper

  46. Nested Information and Manipulation in Financial Markets. (2000). Chakraborty, Archishman ; Yilmaz, Bilge.
    In: Rodney L. White Center for Financial Research Working Papers.
    RePEc:fth:pennfi:06-00.

    Full description at Econpapers || Download paper

  47. Information Aggregation with Random Ordering: Cascades and Overconfidence. (2000). Weber, Martin ; Noeth, Markus .
    In: Econometric Society World Congress 2000 Contributed Papers.
    RePEc:ecm:wc2000:1592.

    Full description at Econpapers || Download paper

  48. Social Learning with Payoff Complementarities. (2000). Dasgupta, Amil.
    In: Econometric Society World Congress 2000 Contributed Papers.
    RePEc:ecm:wc2000:0322.

    Full description at Econpapers || Download paper

  49. Does a thin foreign exchange market lead to destabilizing capital-market speculation in the Asian Crisis countries?. (1999). Min, Hong-Ghi ; McDonald, Judith A..
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:2056.

    Full description at Econpapers || Download paper

  50. Information Spillover and Factor Adjustment. (1999). Schivardi, Fabiano ; Guiso, Luigi.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:2289.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-12 23:25:32 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.