Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72381
Authors: 
Pastine, Ivan
Pastine, Tuvana
Year of Publication: 
2006
Series/Report no.: 
Working Paper Series, UCD Centre for Economic Research 06/20
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.
Subjects: 
Learning
Herding
Signal Precision
JEL: 
D80
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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