Information Cascades and Social Learning

Sushil Bikhchandani, David Hirshleifer, Omer Tamuz and Ivo Welch

MPRA Paper from University Library of Munich, Germany

Abstract: We review the theory of information cascades and social learning. Our goal is to describe in a relatively integrated and accessible way the more important themes, insights and applications of the literature as it has developed over the last thirty years. We also highlight open questions and promising directions for further theoretical and empirical exploration.

Keywords: Information Cascades; Social Learning; Herding; Fads; Fashion; Conformity; Culture (search for similar items in EconPapers)
JEL-codes: D03 D7 D8 (search for similar items in EconPapers)
Date: 2021-05-23
New Economics Papers: this item is included in nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Information Cascades and Social Learning (2024)
Working Paper: Information Cascades and Social Learning (2021)
Working Paper: Information Cascades and Social Learning (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:107927

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