SOCIAL DILEMMA IN REPEATED INFORMATION CASCADE EXPERIMENTS
When decisions are made sequentially in a group, Bayesian players aiming to maximize individual payoffs often need to ignore their private information and imitate choices of earlier decision makers. This results in information cascades. Once formed, information cascades can be harmful to information...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Kozminski University
2011-12-01
|
| Series: | Decyzje |
| Subjects: | |
| Online Access: | http://www.kozminski.edu.pl/fileadmin/wspolne_elementy/Dokumenty/jednostki/Decyzje/16/Decyzje_nr_16_art._1.pdf |