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Rationales Herdenverhalten bei US-amerikanischen Rentenmarkt-Analysten: Verhaltensabstimmung durch ein externes Signal

[working paper]

Spiwoks, Markus
Bizer, Kilian
Hein, Oliver

Corporate Editor
Hochschule Darmstadt, FB Gesellschaftswissenschaften und Soziale Arbeit, Sonderforschungsgruppe Institutionenanalyse (sofia)

Abstract

"Experimental research found contradictory results regarding the occurrence of informational cascades. Whereas Anderson and Holt (1997) confirmed the model of Banerjee (1992), and Bikhchandani, Hirshleifer, and Welch (1992) through lab tests, Huck and Oechssler 2000) came to controversial results fo... view more

"Experimental research found contradictory results regarding the occurrence of informational cascades. Whereas Anderson and Holt (1997) confirmed the model of Banerjee (1992), and Bikhchandani, Hirshleifer, and Welch (1992) through lab tests, Huck and Oechssler 2000) came to controversial results for crucial issues. This study is an extensive (227 test persons) - and as regards contents - expanded repetition. In conclusion, less than 10% of subjects are able to make deductions about predecessors’ private signals from their actions, to consider the reliability of the signals and the a priori probability, to accurately use Bayes’ Rule, and to thus reach rational decisions." (author's abstract)... view less

Keywords
group; group dynamics; influenceability; individual; behavior; decision; decision making; decision making criterion; Bayesian statistics

Classification
Social Psychology
Basic Research, General Concepts and History of Economics

Method
empirical; quantitative empirical

Document language
German

Publication Year
2006

City
Darmstadt

Page/Pages
42 p.

Series
sofia-Diskussionsbeiträge zur Institutionenanalyse, 06-4

ISSN
1439-6874

ISBN
3-933795-77-X

Status
Published Version; reviewed

Licence
Deposit Licence - No Redistribution, No Modifications

Data providerThis metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
Based on DSpace, Copyright (c) 2002-2022, DuraSpace. All rights reserved.