Information Cascades in Multi-Agent Models

A. De Vany and C. Lee
Authors registered in the RePEc Author Service: Cassey Lee and Cheng Few Lee

Working Papers from California Irvine - School of Social Sciences

Abstract: A growing literature has brought to our attention the importance of information transmission and aggregation for economic and political behavior. Many recent studies of cascades point to the possibility of information cascades in economies with local learning and information transmission. Information Cascades are defined as conformity that ignores one's own tastes. The purpose of this paper is to investigate the properties of information cascades and the statistical distribution of choices they generate within the context of the motion picture industry.

Keywords: ECONOMIC MODELS; INFORMATION; BEHAVIOUR (search for similar items in EconPapers)
JEL-codes: C50 D82 D83 (search for similar items in EconPapers)
Pages: 29 pages
Date: 1999
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:99-00-05

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