Information cascades and social learning
Social learning is the updating of beliefs based on observation of others. Such observation
can lead to efficient aggregation of information, but also to inaccurate decisions, fragility of …
can lead to efficient aggregation of information, but also to inaccurate decisions, fragility of …
Information arrival, delay, and clustering in financial markets with dynamic freeriding
We study informational freeriding in a model where agents privately acquire information and
then decide when to reveal it by taking an action. Examples of such freeriding are prevalent …
then decide when to reveal it by taking an action. Examples of such freeriding are prevalent …
Sequential reporting bias
Firms with correlated fundamentals often issue reports sequentially, leading to information
spillovers. The theoretical literature has investigated multifirm reporting, but only when firms …
spillovers. The theoretical literature has investigated multifirm reporting, but only when firms …