Herding, Social Preferences and (Non-) Conformity
Luca Corazzini () and
Ben Greiner ()
No 21, Working Paper Series in Economics from University of Cologne, Department of Economics
We study the role of social preferences and conformity in explaining herding behavior in anonymous risky environments. In an experiment similar to information cascade settings, but with no private information, we find no evidence for conformity. On the contrary, we observe a significant amount of non-conforming behavior, which cannot be attributed to errors.
Keywords: herding; information cascades; conformity; non-conformity; laboratory experiments (search for similar items in EconPapers)
JEL-codes: C92 D31 D81 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe and nep-exp
Date: 2005-11-16, Revised 2007-01-24
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (8) Track citations by RSS feed
Forthcoming Economics Letters
Downloads: (external link)
http://ockenfels.uni-koeln.de/fileadmin/wiso_fak/s ... _download/wp0021.pdf (application/pdf)
Journal Article: Herding, social preferences and (non-)conformity (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kls:series:0021
Access Statistics for this paper
More papers in Working Paper Series in Economics from University of Cologne, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Kiryl Khalmetski ().