Journal Article
Self-correcting Information Cascades
Review of Economic Studies
Author(s)
In laboratory experiments, information cascades are ephemeral phenomena, collapsing soon after they form, and then reforming again. These formation/collapse/formation cycles occur fre- quently and repeatedly. Cascades may be reversed (collapse followed by a cascade on a di
Date Published:
2007
Citations:
Goeree, Jacob, Thomas Palfrey, Brian W. Rogers. 2007. Self-correcting Information Cascades. Review of Economic Studies. (3)733-762.