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Of songs and men: a model for multiple choice with herding

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  • Christian Borghesi
  • Jean-Philippe Bouchaud

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  • Christian Borghesi & Jean-Philippe Bouchaud, 2007. "Of songs and men: a model for multiple choice with herding," Quality & Quantity: International Journal of Methodology, Springer, vol. 41(4), pages 557-568, August.
    • Handle: RePEc:spr:qualqt:v:41:y:2007:i:4:p:557-568
    DOI: 10.1007/s11135-007-9074-6
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    References listed on IDEAS

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    1. Olivier Guedj & Jean-Philippe Bouchaud, 2005. "Experts' Earning Forecasts: Bias, Herding And Gossamer Information," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 8(07), pages 933-946.
    2. Gordon, Mirta B. & Nadal, Jean-Pierre & Phan, Denis & Vannimenus, Jean, 2005. "Seller's dilemma due to social interactions between customers," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 356(2), pages 628-640.
    3. J-P. Bouchaud, 2001. "Power laws in economics and finance: some ideas from physics," Quantitative Finance, Taylor & Francis Journals, vol. 1(1), pages 105-112.
    4. 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.
    5. M. V. Simkin & V. P. Roychowdhury, 2005. "Stochastic modeling of citation slips," Scientometrics, Springer;Akadémiai Kiadó, vol. 62(3), pages 367-384, March.
    6. Jean-Pierre Nadal & Denis Phan & Mirta Gordon & Jean Vannimenus, 2005. "Multiple equilibria in a monopoly market with heterogeneous agents and externalities," Quantitative Finance, Taylor & Francis Journals, vol. 5(6), pages 557-568.
    7. Alan Kirman, 1993. "Ants, Rationality, and Recruitment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(1), pages 137-156.
    8. Q. Michard & J.-P. Bouchaud, 2005. "Theory of collective opinion shifts: from smooth trends to abrupt swings," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 47(1), pages 151-159, September.
    9. Frank M. Bass, 1969. "A New Product Growth for Model Consumer Durables," Management Science, INFORMS, vol. 15(5), pages 215-227, January.
    10. Quentin Michard & Jean-Philippe Bouchaud, 2005. "Theory of collective opinion shifts: from smooth trends to abrupt swings," Science & Finance (CFM) working paper archive 500060, Science & Finance, Capital Fund Management.
    11. Granovetter, Mark & Soong, Roland, 1986. "Threshold models of interpersonal effects in consumer demand," Journal of Economic Behavior & Organization, Elsevier, vol. 7(1), pages 83-99, March.
    12. Paolo Laureti & Peter Ruch & Joseph Wakeling & Yi-Cheng Zhang, 2004. "The Interactive Minority Game: a Web based investigation of human market interactions," Experimental 0402004, University Library of Munich, Germany.
    13. Laureti, Paolo & Ruch, Peter & Wakeling, Joseph & Zhang, Yi-Cheng, 2004. "The Interactive Minority Game: a Web-based investigation of human market interactions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 331(3), pages 651-659.
    14. Philippe Curty & Matteo Marsili, 2005. "Phase coexistence in a forecasting game," Papers physics/0506151, arXiv.org, revised Feb 2006.
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    Citations

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    Cited by:

    1. Bask, Miia & Bask, Mikael, 2014. "Social influence and the Matthew mechanism: The case of an artificial cultural market," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 412(C), pages 113-119.
    2. Mirta B. Gordon & Jean-Pierre Nadal & Denis Phan & Viktoriya Semeshenko, 2012. "Entanglement between Demand and Supply in Markets with Bandwagon Goods," Papers 1209.1321, arXiv.org, revised Dec 2012.
    3. Antoine Kopp & Rebecca Westphal & Didier Sornette, 2022. "Agent-based model generating stylized facts of fixed income markets," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 17(4), pages 947-992, October.
    4. Vicente, R. & Susemihl, A. & Jericó, J.P. & Caticha, N., 2014. "Moral foundations in an interacting neural networks society: A statistical mechanics analysis," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 400(C), pages 124-138.
    5. Jean Philippe Bouchaud & Matteo Marsili & Jean-Pierre Nadal, 2023. "Application of spin glass ideas in social sciences, economics and finance," Post-Print hal-04145594, HAL.
    6. Juan V Escobar & Didier Sornette, 2015. "Dynamical Signatures of Collective Quality Grading in a Social Activity: Attendance to Motion Pictures," PLOS ONE, Public Library of Science, vol. 10(1), pages 1-15, January.
    7. Boschi, Gioia & Cammarota, Chiara & Kühn, Reimer, 2021. "Opinion dynamics with emergent collective memory: The impact of a long and heterogeneous news history," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 569(C).
    8. Coco Krumme & Manuel Cebrian & Galen Pickard & Sandy Pentland, 2012. "Quantifying Social Influence in an Online Cultural Market," PLOS ONE, Public Library of Science, vol. 7(5), pages 1-6, May.
    9. Jean-Philippe Bouchaud, 2012. "Crises and collective socio-economic phenomena: simple models and challenges," Papers 1209.0453, arXiv.org, revised Dec 2012.
    10. James Holehouse & Hector Pollitt, 2021. "Non-equilibrium time-dependent solution to discrete choice with social interactions," Papers 2109.09633, arXiv.org, revised Jan 2022.
    11. Jean-Philippe Bouchaud & Matteo Marsili & Jean-Pierre Nadal, 2023. "Application of spin glass ideas in social sciences, economics and finance," Papers 2306.16165, arXiv.org.

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