% % @techreport{ self, month = { jun }, author = { {Sushil Bikhchandani} and David Hirshleifer and Ivo Welch }, title = { Informational Cascades and Rational Herding: An Annotated Bibliography }, institution = { UCLA/Anderson and Ohio State University and Yale/SOM }, note = { The World-Wide Web }, year = { 1996 }, }; @article{ bikhchandani-hirshleifer-welch:1998, volume = { 12 }, number = { 3 }, month = { Summer }, author = { {Sushil Bikhchandani} and David Hirshleifer and Ivo Welch }, title = { Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades }, year = { 1998 }, pages = { 151-170 }, journal = { Journal of Economic Perspectives }, }; @article{ devenow/welch:96, volume = { 40 }, number = { 3-5 }, month = { Apr }, author = { {Andrea Devenow} and Ivo Welch }, title = { Rational Herding in Financial Economics }, journal = { European Economic Review }, year = { 1996 }, pages = { 603-615 }, }; @article{ gale:95, volume = { 40 }, number = { 3-5 }, month = { Apr }, author = { Douglas Gale }, title = { What Have We Learned From Social Learning? }, journal = { European Economic Review }, year = { 1996 }, pages = { 617-628 }, }; @article{ grant-king-polak:96, volume = { 10 }, number = { 1 }, month = { march }, author = { {Simon Grant} and Stephen King and Ben Polak }, title = { Information Externalities, Share-priced Based Incentives and Managerial Behavior }, journal = { Journal of Economic Surveys }, year = { 1996 }, pages = { 1-21 }, }; @incollection{ hirshleifer:95, author = { David Hirshleifer }, booktitle = { The New Economics of Human Behaviour }, editor = { Kathryn Ieurulli and Mariano Tommasi }, title = { The Blind Leading the Blind: Social Influence, Fads and lnformational Cascades }, publisher = { Cambridge University Press }, year = { 1995 }, pages = { 188-215 }, }; @techreport{ welch:99, author = { Ivo Welch }, title = { Imitation and Conformity }, institution = { Yale/SOM }, year = { 1999 }, }; @article{ banerjee:92, volume = { 107 }, number = { 3 }, month = { aug }, author = { Abhijit V. Banerjee }, title = { A Simple Model of Herd Behavior }, journal = { Quarterly Journal of Economics }, year = { 1992 }, pages = { 797-818 }, }; @article{ bhw:92, volume = { 100 }, number = { 5 }, month = { Oct }, author = { {Sushil Bikhchandani} and David Hirshleifer and Ivo Welch }, title = { A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades }, journal = { Journal of Political Economy }, year = { 1992 }, pages = { 992-1026 }, }; @article{ welch:92, volume = { 47 }, number = { 2 }, month = { jun }, author = { Ivo Welch }, title = { Sequential Sales, Learning, and Cascades }, journal = { Journal of Finance }, year = { 1992 }, pages = { 695-732 }, }; @article{ avery-zemsky:94, volume = { 88 }, number = { 4 }, author = { {Christopher Avery} and Peter Zemsky }, title = { Multi-Dimensional Uncertainty and Herd Behavior in Financial Markets }, journal = { American Economic Review }, year = { 1998 }, pages = { @@Fixit }, }; @article{ chamley-gale:94, volume = { 62 }, number = { 5 }, author = { {Christophe Chamley} and Douglas Gale }, title = { Information Revelation and Strategic Delay in a Model of Investment }, journal = { Econometrica }, year = { 1994 }, pages = { 1065-1085 }, }; @techreport{ choi-dassiou-gettings:96, month = { may }, author = { {Chong Ju Choi} and Xeni Dassiou and Stephen Gettings }, title = { Herding Behavior and the Size of Customer Base as a Commitment to Quality }, address = { Frobisher Crescent, Barbican Centre, London EC2Y 8HB, England, and City University/London, and Queens College/Oxford }, year = { 1996 }, institution = { City University Business School }, }; @techreport{ gervais:95, month = { nov }, author = { Simon Gervais }, title = { Market Microstructure With Uncertain Information Precision: A Multi-Period Analysis }, year = { 1995 }, institution = { University of California/Berkeley }, }; @article{ gul-lundholm:95, volume = { 103 }, number = { 5 }, author = { { Faruk Gul} and Russell Lundholm }, title = { Endogenous Timing and the Clustering of Agents' Decisions }, journal = { Journal of Political Economy }, year = { 1995 }, pages = { 1039-1066 }, }; @article{ lee:93, volume = { 61 }, number = { 2 }, month = { dec }, author = { In Ho Lee }, title = { On the Convergence of Informational Cascades }, journal = { Journal of Economic Theory }, year = { 1993 }, pages = { 395-411 }, }; @techreport{ lohmann:94, month = { February }, author = { Susanne Lohmann }, title = { Rationality, Revolution and Revolt: The (Hap-) Hazards of Informational Cascades }, institution = { Department of Political Science, UCLA }, year = { 1994 }, }; @techreport{ neeman-orosel:97, month = { sep }, author = { {Zvika Neeman} and Gerhard O. Orosel }, title = { Herding and the Winner's Curse in Markets with Sequential Bids }, institution = { Boston University and University of Vienna }, year = { 1997 }, }; @techreport{ perktold:96, author = { Josef Perktold }, title = { Recurring Informational Cascades }, institution = { University of Chicago }, year = { 1996 }, }; @techreport{ smith-sorenson:94a, month = { oct }, author = { {Lones Smith} and Peter Sorenson }, title = { Pathological Models of Observational Learning }, year = { 1995 }, institution = { Department of Economics, MIT }, }; @techreport{ smith-sorenson:Oct97, month = { October }, author = { {Lones Smith} and Peter Sorenson }, title = { Informational Herding and Optimal Experimentation }, year = { 1997 }, institution = { MIT, Economics Department and Nuffield College/Oxford University }, }; @techreport{ smith-sorenson:94b, month = { jul }, author = { {Lones Smith} and Peter Sorenson }, title = { An Example of Non-Martingale Learning }, year = { 1994 }, institution = { Department of Economics, MIT }, }; @article{ zhang:97, volume = { 28 }, number = { 1 }, month = { Spring }, author = { Jianbo Zhang }, title = { Strategic Delay and the Onset of Investment Cascades }, year = { 1997 }, journal = { Rand Journal of Economics }, pages = { 188-205 }, }; @article{ bala-goyal:95, volume = { 65 }, number = { 3 }, month = { jul }, author = { {Venkatesh Bala} and Sanjeev Goyal }, title = { Learning from Neighbors }, year = { 1998 }, journal = { Review of Economic Studies }, pages = { @@FIXIT }, }; @techreport{ bell:94, month = { nov }, author = { Ann M. Bell }, title = { Dynamically Interdependent Preferences in a General Equilibrium Environment }, institution = { Department of Economics, University of Wisconsin-Madison }, year = { 1994 }, }; @techreport{ burguet-vives:97, month = { jul }, author = { {Roberto Burguet} and Xavier Vives }, title = { Price Dynamics and Consumer Learning }, address = { 08193 Bellaterra, Barcelona, Spain }, institution = { Institut d' Analisi Economica, CSIC }, year = { 1997 }, }; @article{ bernardo-welch:97, volume = { 10 }, number = { 3 }, month = { fall }, author = { {Antonio Bernardo} and Ivo Welch }, title = { On the Evolution of Overconfidence and Entrepreneurs }, year = { 2001 }, journal = { Journal of Economics and Management Strategy }, pages = { 301-330 }, }; @techreport{ busaba:96, author = { Walid Busaba }, title = { IPO something }, year = { 1996 }, institution = { University of Arizona }, }; @techreport{ caminal-vives:97, month = { jun }, author = { {Ramon Caminal} and Xavier Vives }, title = { Price Dynamics and Consumer Learning }, address = { 08193 Bellaterra, Barcelona, Spain }, institution = { Institut d' Analisi Economica, CSIC }, year = { 1997 }, }; @techreport{ chen:95a, author = { Yehning Chen }, title = { Bank Runs: Panic of Efficient Monitoring }, year = { 1995a }, institution = { UCLA }, }; @techreport{ chen:95b, author = { Yehning Chen }, title = { Banking Panics: the role of the first-come, first-served rule and informational externalities }, year = { 1995b }, institution = { UCLA }, }; @techreport{ corb:93a, author = { Howard M. Corb }, title = { The Nature of Bank Runs }, year = { 1993 }, institution = { Stanford University }, }; @article{ khanna:95, volume = { 11 }, number = { 3 }, month = { jan }, author = { Naveen Khanna }, title = { Optimal Contracting with Moral Hazard and Cascading }, year = { 1997 }, journal = { Review of Financial Studies }, pages = { 559-596 }, }; @techreport{ khanna:97, month = { jan }, author = { Naveen Khanna }, title = { Optimal Contracting with Moral Hazard and Herding }, year = { 1997 }, institution = { Michigan State University and Northwestern University }, }; @techreport{ khanna-slezak:94, month = { sep }, author = { {Naveen Khanna} and Steve L. Slezak }, title = { The Effect of Organizational Form on Information Aggregation and Project Choice: The Problem of Informational Cascades in Teams }, year = { 1994 }, institution = { Michigan State University and University of Michigan }, }; @techreport{ king:92, month = { feb }, author = { Stephen P. King }, title = { Shopping in Herds: Free-Rider Equilibria in a Search Game }, address = { Parkville, Vic 3052, Australia }, year = { 1992 }, institution = { Department of Economics, The University of Melbourne }, }; @techreport{ lee:92, month = { feb }, author = { In Ho Lee }, title = { Market Crashes and Informational Cascades }, year = { 1992 }, institution = { Department of Economics, UCLA }, }; @article{ moscarini-ottaviani-smith:97, volume = { UNKNOWN }, author = { {M. Moscarini} and M Ottaviani and L. Smith }, title = { Social Learning in a Changing World }, journal = { Economic Theory }, year = { 1997 }, pages = { ? }, }; @techreport{ oda-miura-ueda-baba:96, month = { august }, author = { {S.H. Oda} and K. Miura and Kanji Ueda and Yasunori Baba }, title = { The application of cellular automata to Network Externalities in Consumers' Theory: A Generalization of Life Game }, institution = { Japan }, year = { 1996 }, }; @techreport{ ottaviani:95, month = { oct }, author = { Marco Ottaviani }, title = { Monopoly Pricing with Social Learning }, year = { 1995 }, institution = { MIT Economics Dept }, }; @book{ ridley:96, author = { Matt Ridley }, title = { The Origins of Virtue: Human Instincts and the Evolution of Cooperation }, address = { 375 Hudson Street, NY NY 10014 }, publisher = { Viking/Penguin Books }, year = { 1996 }, }; @article{ shiller:94, volume = { 85 }, number = { 2 }, month = { dec }, author = { Robert J. Shiller }, title = { Conversation, Information, and Herd Behavior }, journal = { American Economic Review }, year = { 1995 }, pages = { 181-185 }, }; @techreport{ simons-bhattacharya:96, month = { Dec }, author = { {Gerald Simons} and Gautam Bhattacharya }, title = { Price Competition, Quality Choice and Informational Cascades }, address = { Lawrence, Kansas 66045, (913) 864-3501 }, institution = { Department of Economics, University of Kanses }, year = { 1994 }, }; @article{ smith-wall:92, volume = { @FIXIT }, month = { January/February }, author = { {Stephen D. Smith} and Larry D. Wall }, title = { Financial Panics, Bank Failures, and the Role of Regulatory Policy }, journal = { Federal Reserve Bank of Atlanta Economic Review }, year = { 1992 }, pages = { 1-11 }, }; @techreport{ vettas:95a, month = { june }, author = { Nikolaos Vettas }, title = { Demand and Supply in New Markets: Diffusion with Bilateral Learning }, institution = { The Fuqua School of Business, Duke University }, year = { 1995 }, }; @techreport{ vettas:95b, month = { march }, author = { Nikolaos Vettas }, title = { On the Informational Role of Quantities: Durable Goods and Consumers' word of mouth }, institution = { The Fuqua School of Business, Duke University }, year = { 1995 }, }; @techreport{ zhang-zhang:94, month = { aug }, author = { {Jianbo Zhang} and Zhentang Zhang }, title = { Information and Payoff Externality in an Oligopoly Market }, institution = { University of Kansas, Lawrence Kansas 66045 }, year = { 1994 }, }; @article{ anderson-holt:98, volume = { 87 }, number = { 5 }, month = { {dec} and jul }, author = { {Lisa R. Anderson} and Charles A. Holt }, title = { Information Cascades in the Laboratory }, journal = { American Economic Review }, pages = { 847-862 }, year = { 1996 }, }; @techreport{ asaba-lieberman:97, author = { {Shigeru Asaba} and Marvin B. Lieberman }, note = { WP Strategy Area, 97-21 }, title = { Market Share Instability and Size Similarity. Some Evidence of Behavioral Similarity Among Japanese Firms }, year = { 1997 }, institution = { UCLA, Anderson GSM }, }; @techreport{ asaba-97, month = { Dec }, author = { Shigeru Asaba }, title = { Behavioral Similarity and Its Impact on Industrial Organization in Japan }, institution = { UCLA, Anderson GSM }, year = { 1997 }, }; @techreport{ corb:93b, month = { February }, author = { Howard M. Corb }, title = { The Nature of Bank Runs }, year = { 1993 }, institution = { Stanford University, Graduate School of Business }, }; @article{ darcy-oh:96, volume = { 64 }, number = { 3 }, month = { sep }, author = { {Stephen P. D'Arcy} and Pyungsuk Oh }, title = { The Cascade Effect in Insurance Pricing }, journal = { Journal of Risk and Insurance }, pages = { 465-480 }, year = { 1997 }, }; @techreport{ devany-walls:94, month = { sep }, author = { {Arthur DeVany} and W. David Walls }, title = { Information, Adaptive Contracting, and Distributional Dynamics: Bose-Einstein Statistics and the Movies }, year = { 1994 }, institution = { Department of Economics, Institute for Mathematical Behavioral Sciences, University of California, Irvine }, }; @article{ gibson-hoglund:92, volume = { 7 }, number = { 7 }, month = { jul }, author = { {Robert M. Gibson} and Jacob Hoglund }, title = { Copying and Sexual Selection }, journal = { TREE }, year = { 1992 }, pages = { 229-232 }, }; @article{ kirkpatrick-dugatkin:94, volume = { 34 }, author = { {Mark Kirkpatrick} and Lee Alan Dugatkin }, title = { Sexual Selection and the Evolutionary Effects of Copying Mate Choice }, journal = { Behavioral Evolutionary Sociobiology }, pages = { 443-449 }, year = { 1994 }, }; @article{ graham:94, volume = { 54 }, number = { 1 }, author = { John R. Graham }, title = { Herding Among Investment Newsletters: Theory and Evidence }, year = { 1999 }, journal = { Journal of Finance }, pages = { 237-268 }, }; @article{ grinblatt/titman/wermers:96, volume = { 85 }, number = { 5 }, month = { dec }, author = { {Mark Grinblatt} and Sheridan Titman and Russ Wermers }, title = { Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior }, journal = { American Economic Review }, year = { 1996 }, pages = { 1088-1105 }, }; @article{ hanson-putler:96, volume = { 7 }, number = { 4 }, author = { {Ward A. Hanson} and Daniel S. Putler }, title = { Hits and Misses: Herd Behavior and Online Product Popularity }, journal = { Marketing Letters }, year = { 1996 }, pages = { 297-305 }, }; @techreport{ kennedy:95, month = { nov }, author = { Robert E. Kennedy }, title = { Strategy Fads and Strategic Positioning: An Empirical Test for Herd Behavior in Prime Time Television Programming }, institution = { Harvard Business School }, year = { 1997 }, }; @article{ klein:94, volume = { 10 }, author = { Daniel B. Klein }, title = { If government is so villainous, how come government officials don't seem like villains? }, journal = { Economics and Philosophy }, year = { 1994 }, pages = { 91-106 }, }; @techreport{ kuran:95, author = { Timur Kuran }, title = { Private Truths, Public Lies }, year = { @@FIXIT }, institution = { @@FIXIT }, }; @techreport{ klein-majewski:94, author = { {Daniel B. Klein} and John Majewski }, title = { Plank Road Fever as Informational Cascade: The Importance of Revelation }, institution = { Department of Economics, UC/Irvine }, year = { 1996 }, }; @techreport{ kodres-pritsker:95, month = { October }, author = { {Laura E. Kodres} and Matthew Pritsker }, title = { Directionally Similar Position Taking and Herding by Large Futures Market Participants }, institution = { International Monetary Fund and Board of Governors of the Federal Reserve System }, year = { 1995 }, }; @techreport{ lagunoff-schreft:97, month = { oct }, author = { {Roger D. Lagunoff} and Stacey L. Schreft }, title = { A Model of Financial Fragility }, institution = { Georgetown University and FRB of Kansas City }, year = { 1997 }, }; @article{ lakonishok-shleifer-vishny:92, volume = { 32 }, number = { 1 }, author = { {Josef Lakonishok} and Andrei Shleifer and Robert W. Vishny }, title = { The Impact of Institutional Trading on Stock Prices }, journal = { Journal of Financial Economics }, year = { 1992 }, pages = { 23-44 }, }; @article{ lohmann:94-again, volume = { 47 }, month = { October }, author = { Susanne Lohmann }, title = { The Dynamics of Informational Cascades: The Monday Demonstrations in Leipzig East Germany, 1989-91 }, journal = { World Politics }, year = { 1994 }, pages = { 42-101 }, }; @techreport{ lohmann:99, author = { Susanne Lohmann }, title = { I Know You Know She Knows We Know You Know They Know: Common Knowledge and the Unpredictability of Informational Cascades }, institution = { Political Complexity: Nonlinear Models of Politics, ed. Diana Richards, Ann Arbor: University of Michigan Press, forthcoming. }, year = { 1999 }, }; @article{ lohmann:98, volume = { 35 }, author = { Susanne Lohmann }, title = { Dynamics of Informational Cascades: Mass Action, the East German Revolution, and German Reunification, }, journal = { Mathematical Social Sciences }, year = { 1998 }, pages = { 78-79 }, }; @techreport{ oehler:95, month = { jan }, author = { Andreas Oehler }, title = { Do Mutual Funds Specializing in German Stocks Herd? }, institution = { Universitaet Bamberg }, year = { 1996 }, }; @article{ rajan:94, volume = { 436 }, author = { Raghuram G. Rajan }, title = { Why Credit Policies Fluctuate: A Theory and Some Evidence }, year = { 1994 }, journal = { The Quarterly Journal of Economics }, pages = { 399-442 }, }; @techreport{ shiller:96, number = { 5539 }, month = { apr }, author = { Robert J. Shiller }, title = { Why do people dislike inflation }, year = { 1996 }, institution = { NBER }, }; @techreport{ shiller:97, month = { sep }, author = { Robert J. Shiller }, title = { Human Behavior and the Efficiency of the Financial System }, year = { 1997 }, institution = { yale university }, }; @article{ schlupp-ryan:96, volume = { @FIXIT }, author = { {Ingo Schlupp} and Michael J. Ryan }, title = { Male Sailfin Mollies (Poecilia latipinna) copy the mate choice of other males }, year = { 1996 }, journal = { Behavioral Ecology }, pages = { forthcoming }, }; @article{ sunstein:96, volume = { 18 }, author = { Cass Sunstein }, title = { Social Norms and Social Roles }, journal = { Columbia Law Review }, year = { 1996 }, pages = { @@FIXIT }, }; @article{ welch:96, volume = { ? }, month = { November }, author = { Ivo Welch }, title = { Herding Among Security Analysts }, year = { 2000 }, journal = { Journal of Financial Economics }, pages = { ? }, }; @article{ wermers:94, volume = { ? }, month = { april }, author = { Russ Wermers }, title = { Mutual Fund Herding and the Impact on Stock Prices }, journal = { Journal of Finance }, year = { 1999 }, pages = { ? }, }; @article{ ?, volume = { 1 }, number = { 1 }, author = { Leon Zurawicki }, note = { author is from U Mass/Boston }, title = { Fashion and Fancy in Direct Foreign Investment }, journal = { Journal of International Investment }, year = { 1997 }, pages = { @@FIXIT }, }; @book{ asch:52, author = { Salomon E. Asch }, title = { Social Psychology }, publisher = { Prentice-Hall, Englewood Cliffs, NJ }, year = { 1952 }, }; @article{ deutsch:55, volume = { 51 }, month = { nov }, author = { {Morton Deutsch} and Harold B. Gerard }, title = { A Study of Normative and Informational Social Influences Upon Individual Judgment }, journal = { Journal of Abnormal and Social Psychology }, year = { 1955 }, pages = { 629-636 }, }; @book{ ainlay:86, author = { {Stephen C. Ainley} and Gaylene Becker and Lerita M. Coleman }, title = { The Dilemma of Difference: A Multidisciplinary View of Stigma }, publisher = { Plenum, New York }, year = { 1986 }, }; @techreport{ aitken:96, month = { Apr }, author = { Brian Aitken }, title = { Have institutional Investors Destablized Emerging Markets? }, institution = { International Monetary Fund }, year = { 1996 }, }; @book{ bartels:88, author = { Larry M. Bartels }, title = { Presidential Primaries and the Dynamics of Public Choice }, publisher = { Princeton University Press, Princeton NJ }, year = { 1988 }, }; @techreport{ fey:97, month = { sep }, author = { Mark Fey }, title = { Informational Cascades and Sequential Voting }, institution = { Department of Politics, Princeton University, and Wallis Instititute of Political Economy, Rochester }, year = { 1997 }, }; @article{ ?, volume = { 92 }, month = { May }, author = { Ronald S. Burt }, title = { Social Contagion and Innovation: Cohesion vs. Structural Equivalence }, journal = { American Journal of Sociology }, year = { 1987 }, pages = { 1287-1335 }, }; @book{ cialdini:93, author = { Robert B. Cialdini }, title = { Influence: Science and Practice }, publisher = { Harper Collins, 3rd edition }, year = { 1993 }, }; @techreport{ chaudhuri-chang-jayaratne:97, author = { {Shubham Chaudhuri} and Angela Chang and Jith Jayaratne }, title = { Informational Externalities and the Branch Location Decisions of Banks: An Empirical Analysis }, year = { 1997 }, institution = { Columbia University and Federal Reserve Bank of New York }, }; @techreport{ conley-udry:00, month = { july }, author = { {Timothy G. Conley} and Timothy G. Conley }, title = { Learning about a new technology: Pineapple in Ghana }, institution = { Northwestern University and Yale University }, year = { 2000 }, }; @techreport{ forsythe:91, month = { Nov }, author = { {Robert Forsythe} and Roger Myerson and Thomas Rietz and Robert Weber }, title = { An Experiment on Coordination in Multi-Candidate Elections: The Importance of Polls and Election Histories }, institution = { Northwestern University }, year = { 1991 }, }; @article{ garber:90, volume = { 4-2 }, author = { Peter M. Garber }, title = { Famous First Bubbles }, year = { 1990 }, journal = { Journal of Economic Perspectives }, pages = { 35-54 }, }; @article{ glaeser-sacerdote-scheinkman:96, volume = { @@FIXIT }, month = { may }, author = { {Edward L. Glaeser} and Bruce Sacerdote and Jose A. Scheinkman }, title = { Crime and Social Interactions }, journal = { Quarterly Journal of Economics }, year = { 1996 }, pages = { 507-548 }, }; @article{ schlupp-marler-ryan:94, volume = { 263 }, month = { jan }, author = { {Ingo Schlupp} and Cathy Marler and Michael J. Ryan }, title = { Benefit to Male Sailfin Mollies of Mating with Heterospecific Females }, year = { 1994 }, journal = { Science }, pages = { 373-374 }, }; @article{ phelps:92, volume = { 6 }, number = { 3 }, month = { summer }, author = { Charles Phelps }, title = { Diffusion of Information in Medical Care }, journal = { Journal of Economic Perspectives }, year = { 1992 }, pages = { 23-42 }, }; @article{ economist:94, volume = { @@FIXIT }, month = { February 19 }, author = { Mat Bishop (Anonymous) }, title = { Yes, ten million people can be wrong }, journal = { The Economist }, year = { 1994 }, pages = { 81 }, }; @article{ popular, volume = { @@FIXIT }, month = { March 31 }, author = { Marilyn Much }, title = { Why do Shoppers Often Behave Like Lemmings? }, journal = { Investor's Business Daily }, year = { 1994 }, pages = { 4 }, }; @article{ popular, volume = { @@FIXIT }, month = { jan }, author = { Gary Belsky }, title = { 7 Money Mistakes Everyone makes }, journal = { Reader's Digest }, year = { 1996 }, pages = { @@FIXIT }, }; @article{ popular, volume = { @@FIXIT }, month = { jul }, author = { Gary Belsky }, title = { Why Smart People Make Major Money Mistakes }, journal = { Money Magazine }, year = { 1995 }, pages = { 76-85 }, }; @article{ popular, volume = { @@FIXIT }, month = { February 13 }, author = { Karen Pennar NY }, title = { Why investors stampede }, journal = { Business Week }, year = { 1995 }, pages = { 84-85 }, }; @article{ popular, volume = { @@FIXIT }, month = { February 26 }, author = { Vincent J. Schodolski }, title = { Funds' wired wallets cause shock waves in, beyond emerging markets mexico crisis highlights the hazards of "hot money" }, journal = { Chicago Tribune }, year = { 1995 }, pages = { @@FIXIT }, }; @article{ popular2, volume = { @@FIXIT }, month = { April 13 }, author = { {Suzanne Duke} and Debra Potter }, title = { Following the stock market crowd can be expensive }, journal = { Medical Economics }, year = { 1995 }, pages = { 13 }, }; @book{ galbraith:90, author = { John Galbraith }, title = { A Short History of Financial Euphoria }, publisher = { Unknown }, year = { 1990 }, }; @book{ heyes-galef:96, author = { {Cecilia M. Heyes} and Bennett G. Galef,Jr. }, title = { Social learning in animals : the roots of culture }, publisher = { San Diego : Academic Press }, year = { 1996 }, }; @book{ keynes:36, author = { John M. Keynes }, title = { The General Theory of Employment, Interest and Money }, publisher = { Macmillan, Londo }, year = { 1936 }, }; @book{ kindleberger:89, author = { Charles P. Kindleberger }, title = { Manias, Panics, and Crashes: A History of Financial Crises }, publisher = { Basic Books, New Yor }, year = { 1989 }, }; @book{ mackay:1841, author = { Charles MacKay }, title = { Extraordinary Popular Delusions and the Madness of Crowds }, publisher = { Farrar, Straus and Giroux (original ed.), New Yor }, year = { 1841 }, }; @book{ cialdini:93, author = { Robert B. Cialdini }, title = { Influence : Science and Practice }, publisher = { Harper Collins College Publishers }, year = { 1993 }, }; @techreport{ Jacob E. Gersen, month = { jul }, title = { Informational Cascades, Cognitive Bias, and Catastrophe Risk }, address = { 5828 S. University Avenue, Chicago IL 60637 }, institution = { Department of Political Science, The University of Chicago }, year = { 2001 }, }; @book{ Chamley:22, author = { Christophe Chamley }, title = { Rational Herds }, publisher = { unknown }, year = { 2002 }, }; @techreport{ bose-orosel-vesterlund:01, author = { {Subir Bose} and Gerhard Orosel and Lisa Vesterlund }, title = { Optimal Pricing and Endogenous Herding }, institution = { University of Pittsburgh }, year = { 2001 }, }; @book{ anderson-holt:2000, author = { {Lisa R. Anderson} and Charles A. Holt }, title = { Encyclopedia of Cognitive Science, Chapter on Information Cascades and Rational Conformity }, publisher = { Macmillan Reference Ltd }, year = { 2000 }, }; @article{ ?, volume = { 10 }, author = { {Lisa R. Anderson} and Charles A. Holt }, title = { Classroom Games: Understanding Bayes Rule }, journal = { Journal of Economic Perspectives }, pages = { 179-187 }, }; @article{ nordell-valone:98, volume = { 1 }, number = { 2 }, month = { sep }, author = { {Nordell SE} and Valone TJ }, title = { Mate choice copying as public information }, journal = { Ecology Letters }, year = { 1998 }, pages = { 74-76 }, }; @article{ ?, volume = { 85 }, number = { 1 }, month = { mar }, author = { {Z Neeman} and GO Orosel }, title = { Herding and the winner's curse in markets with sequential bids }, journal = { Journal Of Economic Theory }, pages = { 91-121 }, year = { 1999 }, }; @techreport{ ?, month = { sep }, author = { {Franklin Allen} and Stephen Morris }, title = { Finance Applications of Game Theory }, year = { 1998 }, institution = { The Wharton School }, }; @techreport{ ?, author = { {Dean Corbea} and Alejandro Manelli and Ted Temzelides }, title = { Financial Intermediation and Informational Cascades: A Mechanism Design Approach }, year = { 1998 }, institution = { Iowa State University and Arizona State University }, }; @techreport{ ?, author = { David Stead }, title = { A General Theory of Enclosures }, year = { ? }, institution = { Oxford University }, }; @techreport{ ?, month = { dec }, author = { Singhal Deepali }, title = { Informational Cascades and Their Application To Technology Diffusion }, year = { 1994 }, institution = { UC Santa Cruz }, }; @techreport{ ?, month = { jun }, author = { {Eugene Anderson} and Jonathan Frenzen and Mary Sullivan }, title = { The Signal Value of Others' Behavior: Informational Cascades in the Auction of the Estate of Jacqueline Kennedy Onassis, }, year = { 1998 }, institution = { U. Michigan Business School, University of Chicago and, U.S. Department of Justice }, }; @article{ ?, volume = { ? }, author = { {Cristina Bicchieri} and Y. Fukui }, note = { Also appearing in A. Pagnini and M.C. Galavotti (eds.), Experience, Reality, and Scientific Explanation, Kluwer 1998. }, title = { The Great Illusion: Ignorance, Informational Cascades and the Persistence of Unpopular Norms }, journal = { Business Ethics Quarterly }, year = { 1999 }, pages = { (in press) }, }; @article{ ?, volume = { 60 }, author = { {Steffen Huck} and Joerg Oechssler Huck }, note = { Humboldt University, Berlin }, title = { Informational Cascades with Continuous Action Spaces }, journal = { Economics Letters }, year = { 1998 }, pages = { 163-166 }, }; @article{ ?, volume = { 12 }, number = { 1 }, author = { Steven R Grenadier }, title = { Information revelation through option exercise }, journal = { Review Of Financial Studies }, pages = { 95-129 }, year = { 1999 }, }; @incollection{ ?, author = { David Hirshleifer }, booktitle = { The New Palgrave Dictionary of Economics and the Law }, title = { Informational Cascades and Social Conventions }, publisher = { Palgrave }, year = { 1998 }, }; @techreport{ ?, author = { {David Hirshleifer} and Robert Noah }, title = { Misfits and Social Progress }, institution = { Ohio State University }, year = { 1999 }, }; @techreport{ ?, author = { {H. Henry Cao} and David Hirshleifer }, title = { Conversation, Learning, and Informational Cascades }, institution = { UC Berkeley and Ohio State University }, year = { 1999 }, }; @techreport{ ?, author = { {H. Henry Cao} and David Hirshleifer }, title = { Observing Others Can Reduce Decision Quality: A Theory of Groupthink as a Result of Rational Individual Behavior }, institution = { UC Berkeley and Ohio State University }, year = { 1999 }, }; @article{ ?, volume = { 51 }, number = { 4 }, month = { Apr }, author = { {Timur Kuran} and Cass R. Sunstein }, title = { Availability cascades and risk regulation }, journal = { Stanford Law Review }, pages = { 683-768 }, year = { 1999 }, }; @techreport{ ?, author = { Lee-Bath Nelson }, title = { Persistence and Reversal in Herd Behavior }, institution = { Graduate School of Business, Stanford University }, year = { 1998 }, }; @techreport{ ?, author = { {Marco Ottaviani} and Peter Sorenson }, title = { Herd Behavior and Investment: Comment }, institution = { MIT }, year = { 1998 }, }; @article{ ?, volume = { 11 }, number = { 3 }, author = { {M. Moscarini} and M. Ottaviani and L. Smith }, title = { Social Learning in a Changing World }, journal = { Economic Theory }, year = { 1998 }, pages = { 657-665 }, }; @article{ ?, volume = { ? }, author = { {Gautam Bhattacharyya} and Gerald Simons }, title = { Informational Cascades in Informal Markets }, journal = { Journal of Economics }, year = { 1996 }, pages = { ? }, }; @techreport{ ?, author = { Josef Perktold }, title = { Recurring Informational Cascades }, year = { 1996 }, institution = { University of Chicago }, }; @book{ ?, author = { {Michael J. Etzel} and Bruce J. Walker and William J. Stanton }, note = { url="http://www.mhhe.com/business/marketing/etzel/adcurrb.html" }, title = { MARKETING, Eleventh Edition }, publisher = { McGraw Hill }, year = { ? }, };