Title of article
Prevention of herding by experts
Author/Authors
Vladislav Kargin، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
7
From page
401
To page
407
Abstract
Experts tend to herd if they can communicate among themselves. I show that every expert can be induced to do independent research and report truthful results if and only if payments to the expert depend on other experts’ reports. If the experts are risk-averse then the prevention of herding is costly.
Keywords
communication , Information cascades , Multiple agents , Herding
Journal title
Economics Letters
Serial Year
2003
Journal title
Economics Letters
Record number
435134
Link To Document