Optimizing information in the herd: Guinea pigs, profits, and welfare

DOI10.1006/game.2001.0881zbMath1026.91065OpenAlexW2081066195WikidataQ56429182 ScholiaQ56429182MaRDI QIDQ700131

Daniel Sgroi

Publication date: 30 September 2002

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: http://wrap.warwick.ac.uk/50142/1/WRAP_Sgroi_Paper9.pdf

zbMATH Keywords

herd externalitymaximize salessocial plannervaluable or valueless product

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Rationality and learning in game theory (91A26)

Related Items (9)

Social learning and delay in a dynamic model of price competition ⋮ Information design through scarcity and social learning ⋮ The optimal choice of pre-launch reviewer ⋮ Sequential decisions with tests ⋮ Monopoly pricing in the binary herding model ⋮ How fragile are information cascades? ⋮ New product launch: Herd seeking or herd preventing? ⋮ HERDING WITH COSTLY INFORMATION ⋮ Multi-issue social learning

Cites Work

• Social learning in recurring games

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