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

[working paper]

Spiwoks, Markus; Bizer, Kilian; Hein, Oliver

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Please use the following Persistent Identifier (PID) to cite this document:http://nbn-resolving.de/urn:nbn:de:0168-ssoar-349634

Further Details
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 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)
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
Licence Deposit Licence - No Redistribution, No Modifications
data provider This metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne