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dc.contributor.authorFiore, Annamariaen_US
dc.contributor.authorMorone, Andreaen_US
dc.date.accessioned2009-01-28T15:05:07Z-
dc.date.available2009-01-28T15:05:07Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/17944-
dc.description.abstractSeminal models of herd behaviour and informational cascades point out existence of negative information externalities, and propose to ?destroy? information in order to achieve social improvements. Although in the last years many features of herd behaviour and informational cascades have been studied, this particular aspect has never been extensively analysed. In this article we try to fill this gap, investigating both theoretically and experimentally whether and to which extent destroying information can improve welfare. Our empirical results show that this decisional mechanism actually leads to a behaviour more consistent with the theory that in turn produces the predicted efficiency gain.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesEconomics Discussion Papers / Institut für Weltwirtschaft 2007-21en_US
dc.subject.jelC91en_US
dc.subject.jelD62en_US
dc.subject.ddc330en_US
dc.subject.keywordInformational cascadesen_US
dc.subject.keywordinformation externalityen_US
dc.subject.keywordindividual decision makingen_US
dc.subject.keywordexperimenten_US
dc.titleA Simple Note on Informational Cascadesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn55820497Xen_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifwedp:5568-
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