This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Herding with and without payoff externalities -- an internet experiment Author info | Abstract | Publisher info | Download info | Related research | Statistics Drehmann, Mathias
Oechssler, Jorg
Roider, Andreas
Additional information is available for the following
registered author(s):
No abstract is available for
this item.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by Elsevier in its journal International Journal of Industrial Organization .
Volume (Year): 25 (2007)
Issue (Month): 2 (April)
Pages: 391-415
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Handle: RePEc:eee:indorg:v:25:y:2007:i:2:p:391-415Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505551
For technical questions regarding this item, or to correct its listing, contact: (Heidi Boesdal).
Keywords: Other versions of this item:
Paper Mathias Drehmann & Jörg Oechssler & Andreas Roider, 2004.
"Herding with and without Payoff Externalities - An Internet Experiment ,"
Bonn Econ Discussion Papers
bgse15_2004, University of Bonn, Germany.
[Downloadable!] Drehmann, Mathias & Oechssler, Jörg & Roider, Andreas, 2005.
"Herding With and Without Payoff Externalities - An Internet Experiment ,"
CEPR Discussion Papers
5310, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Mathias Drehmann & Jörg Oechssler & Andreas Roider, 2005.
"Herding with and without Payoff Externalities - An Internet Experiment ,"
Working Papers
0420, University of Heidelberg, Department of Economics, revised Apr 2005.
[Downloadable!] References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Bikhchandani, Sushil & Hirshleifer, David & Welch, Ivo, 1998.
"Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 12(3), pages 151-70, Summer.
[Downloadable!] (restricted)
Giancarlo Corsetti & Amil Dasgupta & Stephen Morris & Hyun Song Shin, 2004.
"Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 71(1), pages 87-113, 01.
[Downloadable!] (restricted)
Other versions:
Giancarlo Corsetti & Amil Dasgupta & Stephen Morris & Shin, Hyun, 2000.
"Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders ,"
Cowles Foundation Discussion Papers
1273, Cowles Foundation, Yale University.
[Downloadable!] Corsetti, Giancarlo & Dasgupta, Amil & Morris, Stephen & Shin, Hyun Song, 2000.
"Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders ,"
CEPR Discussion Papers
2610, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Hyun Song Shin & Giancarlo Corsetti & Amil Dasgupta & Stephen Morris, 2001.
"Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders ,"
FMG Discussion Papers
dp372, Financial Markets Group.
[Downloadable!] (restricted) Anderson, Lisa R & Holt, Charles A, 1997.
"Information Cascades in the Laboratory ,"
American Economic Review ,
American Economic Association, vol. 87(5), pages 847-62, December.
[Downloadable!] (restricted)
Welch, Ivo, 1992.
" Sequential Sales, Learning, and Cascades ,"
Journal of Finance ,
American Finance Association, vol. 47(2), pages 695-732, June.
[Downloadable!] (restricted)
Jacob K. Goeree & Thomas R. Palfrey & Brian W. Rogers & Richard D. McKelvey, 2006.
"Self-Correcting Information Cascades ,"
Levine's Bibliography
321307000000000211, UCLA Department of Economics.
[Downloadable!]
Other versions:
Goeree, Jacob & Palfrey, Thomas & Rogers, Brian & McKelvey, Richard, 2004.
"Self-correcting Information Cascades ,"
Working Papers
1197, California Institute of Technology, Division of the Humanities and Social Sciences.
[Downloadable!] Jacob Goeree & Thomas Palfrey & Brian Rogers, 2004.
"Self-Correcting Information Cascades ,"
Levine's Bibliography
122247000000000153, UCLA Department of Economics.
[Downloadable!] JACOB K. GOEREE & THOMAS R. PALFREY & BRIAN W. ROGERS & RICHARD D. Mc KELVEY, 2007.
"Self-Correcting Information Cascades ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 74(3), pages 733-762, 07.
[Downloadable!] (restricted) Forsythe, Robert & Forrest Nelson & George R. Neumann & Jack Wright, 1992.
"Anatomy of an Experimental Political Stock Market ,"
American Economic Review ,
American Economic Association, vol. 82(5), pages 1142-61, December.
[Downloadable!] (restricted)
W. Güth & C. Schmidt & M. Sutter, .
"Fairness in the Mail and Opportunism in the Internet - A Newspaper Experiment on Ultimatum Bargaining ,"
Sonderforschungsbereich 373
2001-42, Humboldt Universitaet Berlin.
Other versions: Glenn W. Harrison & John A. List, 2004.
"Field Experiments ,"
Journal of Economic Literature ,
American Economic Association, vol. 42(4), pages 1009-1055, December.
[Downloadable!] (restricted)
Mathias Drehmann & Jörg Oechssler, 2004.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Econometric Society 2004 North American Winter Meetings
55, Econometric Society.
[Downloadable!]
Other versions:
Mathias Drehmann & Joerg Oechssler & Andreas Roider, 2003.
"Herding and Contrarian Behavior in Financial Markets: An Internet Experiment ,"
University of California at Santa Barbara, Economics Working Paper Series
18-03, Department of Economics, UC Santa Barbara.
[Downloadable!] Mathias Drehmann & Joerg Oechssler & Andreas Roider, 2002.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Finance
0210005, EconWPA.
[Downloadable!] Mathias Drehmann & Jörg Oechssler & Andreas Roider, 2004.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Discussion Papers
7, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
[Downloadable!] Mathias Drehmann & Joerg Oechssler & Andreas Roider, 2002.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Experimental
0210001, EconWPA.
[Downloadable!] Roider, Andreas & Mathias Drehmann & Jorg Oechssler, 2003.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Royal Economic Society Annual Conference 2003
177, Royal Economic Society.
[Downloadable!] Mathias Drehmann & Jörg Oechssler & Andreas Roider, 2002.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Bonn Econ Discussion Papers
bgse25_2002, University of Bonn, Germany, revised Apr 2003.
[Downloadable!] Mathias Drehmann & Jorg Oechssler & Andreas Roider, 2005.
"Herding and Contrarian Behavior in Financial Markets: An Internet Experiment ,"
American Economic Review ,
American Economic Association, vol. 95(5), pages 1403-1426, December.
[Downloadable!] Dorothea Kübler & Georg Weizsäcker, 2005.
"Are Longer Cascades More Stable? ,"
Journal of the European Economic Association ,
MIT Press, vol. 3(2-3), pages 330-339, 04/05.
[Downloadable!] (restricted)
Church, Jeffrey & Gandal, Neil, 1992.
"Network Effects, Software Provision, and Standardization ,"
Journal of Industrial Economics ,
Blackwell Publishing, vol. 40(1), pages 85-103, March.
[Downloadable!] (restricted)
Bogachan Celen & Shachar Kariv & Andrew Schotter, 2003.
"The Advice Puzzle: An Experimental Study of Social Learning Where Words Speak Louder Than Actions ,"
Levine's Bibliography
666156000000000184, UCLA Department of Economics.
[Downloadable!]
Bikhchandani, Sushil & Hirshleifer, David & Welch, Ivo, 1992.
"A Theory of Fads, Fashion, Custom, and Cultural Change in Informational Cascades ,"
Journal of Political Economy ,
University of Chicago Press, vol. 100(5), pages 992-1026, October.
[Downloadable!] (restricted)
Gary Charness & Ernan Haruvy & Doron Sonsino, .
"Social Distance and Reciprocity: The Internet vs. the Laboratory ,"
University of California at Santa Barbara, Economics Working Paper Series
10-01, Department of Economics, UC Santa Barbara.
[Downloadable!]
Anderhub,Vital & Müller,Rudolf & Schmidt,Carsten, 2001.
"Design and Evaluation of an Economic Experiment via the Internet ,"
Research Memoranda
016, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology.
[Downloadable!]
Other versions:
V. Anderhub & R. Müller & C. Schmidt, .
"Design and Evaluation of an Economic Experiment via the Internet ,"
Sonderforschungsbereich 373
1998-69, Humboldt Universitaet Berlin.
Anderhub, Vital & Muller, Rudolf & Schmidt, Carsten, 2001.
"Design and evaluation of an economic experiment via the Internet ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 46(2), pages 227-247, October.
[Downloadable!] (restricted) Jonathan E. Alevy & Michael S. Haigh & John A. List, 2007.
"Information Cascades: Evidence from a Field Experiment with Financial Market Professionals ,"
Journal of Finance ,
American Finance Association, vol. 62(1), pages 151-180, 02.
[Downloadable!] (restricted)
Other versions: Jay Pil Choi, 1997.
"Herd Behavior, the 'Penguin Effect,' and the Suppression of Informational Diffusion: An Analysis of Informational Externalities and Payoff Interdependency ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 28(3), pages 407-425, Autumn.
[Downloadable!] (restricted)
VERGARI, Cecilia, 2004.
"Herd behaviour, strategic complementarities and technology adoption ,"
CORE Discussion Papers
2004063, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
[Downloadable!]
Shavit, Tal & Sonsino, Doron & Benzion, Uri, 2001.
"A comparative study of lotteries-evaluation in class and on the Web ,"
Journal of Economic Psychology ,
Elsevier, vol. 22(4), pages 483-491, August.
[Downloadable!] (restricted)
Anderson, Lisa R, 2001.
"Payoff Effects in Information Cascade Experiments ,"
Economic Inquiry ,
Oxford University Press, vol. 39(4), pages 609-15, October.
Gale, Douglas, 1996.
"What have we learned from social learning? ,"
European Economic Review ,
Elsevier, vol. 40(3-5), pages 617-628, April.
[Downloadable!] (restricted)
Angela A. Hung & Charles R. Plott, 2001.
"Information Cascades: Replication and an Extension to Majority Rule and Conformity-Rewarding Institutions ,"
American Economic Review ,
American Economic Association, vol. 91(5), pages 1508-1520, December.
[Downloadable!] (restricted)
Antoni Bosch-Domènech & José G. Montalvo & Rosemarie Nagel & Albert Satorra, 2002.
"One, Two, (Three), Infinity, ...: Newspaper and Lab Beauty-Contest Experiments ,"
American Economic Review ,
American Economic Association, vol. 92(5), pages 1687-1701, December.
[Downloadable!]
Other versions: Banerjee, Abhijit V, 1992.
"A Simple Model of Herd Behavior ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 107(3), pages 797-817, August.
[Downloadable!] (restricted)
Farrell, Joseph & Klemperer, Paul, 2007.
"Coordination and Lock-In: Competition with Switching Costs and Network Effects ,"
Handbook of Industrial Organization ,
Elsevier.
[Downloadable!] (restricted)
Other versions:
Joseph Farrell & Paul Klemperer, 2006.
"Co-ordination and Lock-in: Competition with Switching Costs and Network Effects ,"
Economics Papers
2006-W07, Economics Group, Nuffield College, University of Oxford.
[Downloadable!] Farrell, Joseph & Klemperer, Paul, 2006.
"Coordination and Lock-In: Competition with Switching Costs and Network Effects ,"
CEPR Discussion Papers
5798, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Amil Dasgupta, 2000.
"Social Learning with Payoff Complementarities ,"
Econometric Society World Congress 2000 Contributed Papers
0322, Econometric Society.
[Downloadable!]
Celen, Bogachan & Kariv, Shachar, 2004.
"Observational learning under imperfect information ,"
Games and Economic Behavior ,
Elsevier, vol. 47(1), pages 72-86, April.
[Downloadable!] (restricted)
Thomas D. Jeitschko & Curtis R. Taylor, 2001.
"Local Discouragement and Global Collapse: A Theory of Coordination Avalanches ,"
American Economic Review ,
American Economic Association, vol. 91(1), pages 208-224, March.
[Downloadable!] (restricted)
David Lucking-Reiley, 1999.
"Using field experiments to test equivalence between auction formats: Magic On the Internet ,"
Framed Field Experiments
0055, The Field Experiments Website.
[Downloadable!]
Anderson, Lisa R. & Holt, Charles A., 2008.
"Information Cascade Experiments ,"
Handbook of Experimental Economics Results ,
Elsevier.
[Downloadable!] (restricted)
Diamond, Douglas W & Dybvig, Philip H, 1983.
"Bank Runs, Deposit Insurance, and Liquidity ,"
Journal of Political Economy ,
University of Chicago Press, vol. 91(3), pages 401-19, June.
[Downloadable!] (restricted)
Other versions: Lones Smith & Peter Sorensen, 2000.
"Pathological Outcomes of Observational Learning ,"
Econometrica ,
Econometric Society, vol. 68(2), pages 371-398, March.
Other versions:
Smith, L. & Sorensen, P., 1996.
"Pathological Outcomes of Observational Learning ,"
Working papers
96-19, Massachusetts Institute of Technology (MIT), Department of Economics.
Smith, L. & Sorensen, P., 1996.
"Pathological Outcomes of Observational Learning ,"
Economics Papers
115, Economics Group, Nuffield College, University of Oxford.
Frisell, Lars, 2003.
" On the Interplay of Informational Spillovers and Payoff Externalities ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 34(3), pages 582-92, Autumn.
Gary Charness & Ernan haruvy & Doron Sonsino, 2001.
"Social Distance and Reciprocity: The Internet vs. the Laboratory ,"
University of California at Santa Barbara, Economics Working Paper Series
wp10-01, Department of Economics, UC Santa Barbara.
[Downloadable!]
Scharfstein, David S & Stein, Jeremy C, 1990.
"Herd Behavior and Investment ,"
American Economic Review ,
American Economic Association, vol. 80(3), pages 465-79, June.
Other versions: Katz, Michael L & Shapiro, Carl, 1985.
"Network Externalities, Competition, and Compatibility ,"
American Economic Review ,
American Economic Association, vol. 75(3), pages 424-40, June.
[Downloadable!] (restricted)
Ben Greiner & H.-Arno Jacobsen & Carsten Schmidt, 2002.
"The Virtual Laboratory Infrstructure for Online Economic Experiments ,"
Papers on Strategic Interaction
2002-35, Max Planck Institute of Economics, Strategic Interaction Group.
[Downloadable!]
Antoni Bosch-Domenech, 2002.
"One, Two, (Three), Infinity: Newspaper and Lab Beauty-Contest Experiments ,"
Artefactual Field Experiments
0010, The Field Experiments Website.
[Downloadable!]
Dorothea K¸bler & Georg Weizs”cker, 2004.
"Limited Depth of Reasoning and Failure of Cascade Formation in the Laboratory ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 71(2), pages 425-441, 04.
[Downloadable!] (restricted)
Angela Hung & Jeff Dominitz, 2004.
"Homogeneous Actions and Hetergeneous Beliefs: Experimental Evidence on the Formation of Information Cascades ,"
Econometric Society 2004 North American Winter Meetings
64, Econometric Society.
David Lucking-Reiley, 1999.
"Using Field Experiments to Test Equivalence between Auction Formats: Magic on the Internet ,"
American Economic Review ,
American Economic Association, vol. 89(5), pages 1063-1080, December.
[Downloadable!] (restricted)
Marco Cipriani & Antonio Guarino, 2005.
"Herd Behavior in a Laboratory Financial Market ,"
American Economic Review ,
American Economic Association, vol. 95(5), pages 1427-1443, December.
[Downloadable!]
Other versions: Forsythe, Robert & Rietz, Thomas A. & Ross, Thomas W., 1999.
"Wishes, expectations and actions: a survey on price formation in election stock markets ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 39(1), pages 83-110, May.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2008.
"Cognitive Abilities and Behavioral Biases ,"
Sonderforschungsbereich 504 Publications
08-05, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
[Downloadable!]
Other versions:
Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2009.
"Cognitive Abilities and Behavioral Biases ,"
Working Papers
0465, University of Heidelberg, Department of Economics.
[Downloadable!] Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2008.
"Cognitive Abilities and Behavioral Biases ,"
IZA Discussion Papers
3481, Institute for the Study of Labor (IZA).
[Downloadable!] Schipper, Burkhard C. & Oechssler, Jorg & Duersch, Peter, 2008.
"Incentives for Subjects in Internet Experiments ,"
Working Papers
08-1, University of California at Davis, Department of Economics.
[Downloadable!]
Other versions: Christoph Brunner & Jacob K. Goeree, 2009.
"Wise crowds or wise minorities? ,"
IEW - Working Papers
iewwp439, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2008.
"Cooling-Off in Negotiations - Does It Work? ,"
CEPR Discussion Papers
6807, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions:
Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2008.
"Cooling-Off in Negotiations - Does It Work? ,"
Sonderforschungsbereich 504 Publications
08-06, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
[Downloadable!] Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2009.
"Cooling-Off in Negotiations - Does It Work? ,"
Working Papers
0463, University of Heidelberg, Department of Economics.
[Downloadable!]
Access and
download statistics Did you know? RePEc data is maintained by each archive holder on its own website. Nothing is held centrally.
This page was last updated on 2009-11-7.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .