Optional Disclosure and Observational Learning
Xianming Sun and
Erte Xiao ()
No 05-18, Monash Economics Working Papers from Monash University, Department of Economics
Observational learning theories often assume that peopleâ€™s actions can be observed. However, in many naturally-occurring environments, individuals can choose whether to disclose their behavior to others. We provide theoretical analysis of observational learning under optional disclosure conditions. We further examine empirically how individuals decide whether to reveal decisions. Although we find evidence for other-regarding disclosure behavior, our findings highlight the importance of providing public information about how the disclosure behavior affects others.
Keywords: Observational learning; Information cascade; Optional disclosure; Other-regarding preferences (search for similar items in EconPapers)
JEL-codes: C91 D64 D82 D83 D91 (search for similar items in EconPapers)
Pages: 50 pages
New Economics Papers: this item is included in nep-exp and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.monash.edu/business/economics/research ... 0518Optionalpeng.pdf (application/pdf)
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:mos:moswps:2018-05
Ordering information: This working paper can be ordered from
http://www.buseco.mo ... eco/research/papers/
Access Statistics for this paper
More papers in Monash Economics Working Papers from Monash University, Department of Economics Department of Economics, Monash University, Victoria 3800, Australia. Contact information at EDIRC.
Bibliographic data for series maintained by Simon Angus ().