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When a Fad Ends: An Agent-Based Model of Imitative Behavior

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  • Margo Bergman

Abstract

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Suggested Citation

  • Margo Bergman, 2003. "When a Fad Ends: An Agent-Based Model of Imitative Behavior," Computing in Economics and Finance 2003 271, Society for Computational Economics.
    • Handle: RePEc:sce:scecf3:271
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    References listed on IDEAS

    as
    1. Choi, Jay Pil, 1994. "Network Externality, Compatibility Choice, and Planned Obsolescence," Journal of Industrial Economics, Wiley Blackwell, vol. 42(2), pages 167-182, June.
    2. Anderson, Lisa R & Holt, Charles A, 1997. "Information Cascades in the Laboratory," American Economic Review, American Economic Association, vol. 87(5), pages 847-862, December.
    3. Welch, Ivo, 1992. "Sequential Sales, Learning, and Cascades," Journal of Finance, American Finance Association, vol. 47(2), pages 695-732, June.
    4. Abhijit V. Banerjee, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(3), pages 797-817.
    5. Katz, Michael L & Shapiro, Carl, 1985. "Network Externalities, Competition, and Compatibility," American Economic Review, American Economic Association, vol. 75(3), pages 424-440, June.
    6. Holland, John H & Miller, John H, 1991. "Artificial Adaptive Agents in Economic Theory," American Economic Review, American Economic Association, vol. 81(2), pages 365-371, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Why Do Children Love Those Fad Toys So?
      by ? in Health on 2017-05-10 21:25:00
    2. Why Do Children Love Those Fad Toys So?
      by ? in Shots - Health News on 2017-05-10 21:25:00

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    More about this item

    Keywords

    agent-based modeling; fads; purchasing patterns;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling

    NEP fields

    This paper has been announced in the following NEP Reports:

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