Signal accuracy and informational cascades
|Title:||Signal accuracy and informational cascades||Authors:||Pastine, Tuvana
|Permanent link:||http://hdl.handle.net/10197/698||Date:||Nov-2006||Abstract:||We extend the Bikhchandani, Hirshleifer and Welch (1992) informational cascade framework to allow for asymmetric signal accuracy. Simulations demonstrate that even small departures from symmetry may lead to non-monotonic effects of signal accuracy on the likelihood of an inefficient cascade.||Type of material:||Working Paper||Publisher:||University College Dublin. School Of Economics||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP06/20||Copyright (published version):||2006 School Of Economics, University College Dublin||Keywords:||Learning; Signal Precision; Herding||Subject LCSH:||Information behavior--Mathematical models||Other versions:||http://www.ucd.ie/economics/research/papers/2006/WP06.20.pdf||Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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