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- URN zum Zitieren dieses Dokuments:
- urn:nbn:de:bvb:355-epub-217119
- DOI zum Zitieren dieses Dokuments:
- 10.5283/epub.21711
Alternative Links zum Volltext:DOI
Zusammenfassung
We report results of an Internet experiment designed to test the theory of informational cascades in financial markets (Christopher Avery and Peter Zemsky, 1998). More than 6,400 subjects, including a subsample of 267 consultants from an international consulting firm, participated in the experiment. We find that the presence of a flexible market price prevents herding. The presence of contrarian ...
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