Adelaide Research & Scholarship
Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/2170
| Citations | ||
| Scopus | Web of Science® | Altmetric |
|---|---|---|
|
?
|
?
|
|
| Type: | Journal article |
| Title: | Two experiments to test a model of herd behaviour |
| Author: | Allsopp, Louise E. Hey, John D. |
| Citation: | Experimental economics, 2000; 3(2):121-136 |
| Publisher: | Kluwer Academic Publishers |
| Issue Date: | 2000 |
| ISSN: | 1386-4157 |
| Statement of Responsibility: | Allsopp, Louise ; Hey, John |
| Abstract: | We carry out two experiments to test a model of herd behaviour based on the work of Banerjee (Quarterly Journal of Economics, CVII, 797–817, 1992). He shows that herding occurs as a result of people observing the actions of others and using this information in their own decision rule. In our experiments herding does not occur as frequently as Banerjee predicts. Contrary to his results, the subjects' behaviour appears to depend on the probabilities of receiving a signal and of this signal being correct. Furthermore, Banerjee finds that the pattern of decision making over a number of rounds of the game is volatile whereas we find that decision making is volatilewithin rounds. |
| DOI: | 10.1007/BF01669304 |
| Appears in Collections: | Economics publications |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.