Title of article
Informational cascades with continuous action spaces
Author/Authors
Steffen Huck، نويسنده , , J?rg Oechssler، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1998
Pages
4
From page
163
To page
166
Abstract
The recent literature on informational cascades has nurtured the impression that cascades can occur only if the action space is coarser than the signal space. In particular, it is sometimes claimed that with continuous action spaces cascades are impossible. In this note we present a simple counter-example showing that this conclusion is not necessarily warranted.
Keywords
Cascades , Continuous action space , Herding
Journal title
Economics Letters
Serial Year
1998
Journal title
Economics Letters
Record number
434603
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