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Information Cascades in Multi-Agent Models

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Author Info

  • De Vany, A.
  • Lee, C.

Abstract

A growing literature has brought to our attention the importance of information transmission and aggregation for economic and political behavior. Many recent studies of cascades point to the possibility of information cascades in economies with local learning and information transmission. Information Cascades are defined as conformity that ignores one's own tastes. The purpose of this paper is to investigate the properties of information cascades and the statistical distribution of choices they generate within the context of the motion picture industry.

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Bibliographic Info

Paper provided by California Irvine - School of Social Sciences in its series Papers with number 99-00-05.

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Length: 29 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:fth:calirv:99-00-05

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Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.

Related research

Keywords: ECONOMIC MODELS ; INFORMATION ; BEHAVIOUR;

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Cited by:
  1. Alexis Dantec & Florence Levy, 2005. "Stars et box office : un état des approches théoriques et empiriques," Documents de Travail de l'OFCE 2005-13, Observatoire Francais des Conjonctures Economiques (OFCE).

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