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Informational cascades in the laboratory: Do they occur for the right reasons?
6 references·16 citing·48 second hop
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(1936)Network externalities, competition, and compatibility (1985)Standardization, Compatibility, and Innovation (1985)A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)Using Online Conversations to Study Word-of-Mouth Communication (2004)Bank Runs, Deposit Insurance, and Liquidity (1983)Who follows the crowd—Groups or individuals? (2011)Two Formulas for Success in Social Media: Learning and Network Effects (2015)A BEHAVIORAL MODEL OF RATIONAL CHOICE (1955)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Social Learning Theory. (1978)What make investors herd while investing in the Indian stock market? A hybrid approach (2021)Rational herding: evidence from equity crowdfunding (2024)Financial innovation and risk perception in the financial system: Evidence from an online experiment (2025)2. 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this work references cited by second hop

References

  • 1992A Simple Model of Herd Behavior6,511 cited
  • 1988Status quo bias in decision making5,912 cited
  • 1980Bayes Rule as a Descriptive Model: The Representativeness Heuristic821 cited
  • 19958. Individual Decision Making510 cited
  • 1997Information Cascades in the Laboratory459 cited
  • 1998Monty Hall's Three Doors: Construction and Deconstruction of a Choice Anomaly189 cited

Cited by

  • 2003Imitation of successful behaviour in cournot markets83 cited
  • 2021Herding behaviour in the capital market: What do we know and what is next?58 cited
  • 2006Herding with and without payoff externalities — an internet experiment55 cited
  • 2005Information aggregation with costly information and random ordering: Experimental evidence54 cited
  • 2009Fragility of information cascades: an experimental study using elicited beliefs52 cited
  • 2008Transaction costs and informational cascades in financial markets39 cited
  • 2008Herd Behavior in Financial Markets34 cited
  • 2005Are Longer Cascades More Stable?32 cited
  • 2001Limited Depth of Reasoning and Failure of Cascade Formation in the Laboratory30 cited

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  • 2019Herd behavior and mood: An experimental study on the forecasting of share prices25 cited
  • 2007Do individuals recognize cascade behavior of others? – An experimental study24 cited
  • 2021Initial coin offerings and the cryptocurrency hype - the moderating role of exogenous and endogenous signals24 cited
  • 2007Informational cascades: A mirage?22 cited
  • 2018A shared identity promotes herding in an information cascade game22 cited
  • 2012Six Predictions about the Decision Making of Animal and Human Groups20 cited
  • 2010Overconfident behavior in informational cascades: An eye-tracking study.19 cited