Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18014 
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dc.contributor.authorFiore, Annamariaen
dc.contributor.authorMorone, Andreaen
dc.date.accessioned2009-01-28T15:06:08Z-
dc.date.available2009-01-28T15:06:08Z-
dc.date.issued2008-
dc.identifier.citation|aEconomics: The Open-Access, Open-Assessment E-Journal|c1864-6042|v2|h2008-1|nKiel Institute for the World Economy (IfW)|lKiel|y2008|p1-21en
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2008-1en
dc.identifier.urihttp://hdl.handle.net/10419/18014-
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 pattern more consistent with the theory that in turn produces the predicted efficiency gain.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.subject.jelD62en
dc.subject.jelC91en
dc.subject.ddc330en
dc.subject.keywordInformational cascadesen
dc.subject.keywordinformation externalityen
dc.subject.keywordindividual decision makingen
dc.subject.keywordexperimenten
dc.subject.stwHerdenverhaltenen
dc.subject.stwInformationsverhaltenen
dc.subject.stwExterner Effekten
dc.subject.stwEntscheidungstheorieen
dc.subject.stwExperimenten
dc.titleA Simple Note on Informational Cascades-
dc.typeArticleen
dc.identifier.ppn557347807en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifweej:6905en
econstor.citation.journaltitleEconomics: The Open-Access, Open-Assessment E-Journalen
econstor.citation.issn1864-6042en
econstor.citation.volume2en
econstor.citation.issue2008-1en
econstor.citation.publisherKiel Institute for the World Economy (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year2008en
econstor.citation.startpage1en
econstor.citation.endpage21en

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