Sequential sales, learning, and cascades

Welch, I. (1992). Sequential sales, learning, and cascades. Journal of Finance, 47(2), 695-732.

Type

Journal article

Intellectual base

Primary research

Year

1992

Link

https://doi.org/10.1111/j.1540-6261.1992.tb04406.xmatched

Cited from

behavioral_economics

Cited by

2 citations across 2 artifacts.

Primes

• Herding Behavior
  • Herding becomes problematic when cascades overwhelm individual signal contribution or when the crowd itself is anchored on a faulty initial signal or when equilibrium is demonstrably suboptimal relative to what integrative analysis would have found.
• Information Cascade
  • This asymmetry, invisible in retrospect, is the cascade's signature.

Verification

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Registry ID ref:11c900305a71 · see in the full table