A shared identity promotes herding in an information cascade game

Sebastian Berger (), Christoph Feldhaus () and Axel Ockenfels
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Sebastian Berger: University of Bern
Christoph Feldhaus: University of Münster

Journal of the Economic Science Association, 2018, vol. 4, issue 1, No 5, 63-72

Abstract: Abstract Our research addresses the effect of shared vs. mixed group identities in an information cascade game. We vary whether subjects always choose after a decision maker who shares the same identity or after a decision maker with a different identity. We find that subjects’ inclination to follow their predecessor is stronger in groups uniquely consisting of ingroup members compared to mixed groups. We relate this result to recent social cognition research.

Keywords: Information cascades; Herding; Group identity; Social cognition (search for similar items in EconPapers)
JEL-codes: C91 C92 D03 D70 D83 G02 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (8)

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DOI: 10.1007/s40881-018-0050-9

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