Herding, social preferences and (non-)conformity

Luca Corazzini; Ben Greiner

doi:10.1016/j.econlet.2007.02.024

Herding, social preferences and (non-)conformity

Luca Corazzini
, Ben Greiner

Publication: Scientific journal › Journal article › peer-review

Abstract

We study the role of social preferences and conformity in explaining herding behavior in anonymous risky environments. In an experiment similar to information cascade settings, but with no private information, we find no evidence for conformity. On the contrary, we observe a significant amount of non-conforming behavior, which cannot be attributed to errors.

Original language	English
Pages (from-to)	74 - 80
Journal	Economics Letters
Volume	97
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2007.02.024
Publication status	Published - 2007
Externally published	Yes

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Cite this

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title = "Herding, social preferences and (non-)conformity",

abstract = "We study the role of social preferences and conformity in explaining herding behavior in anonymous risky environments. In an experiment similar to information cascade settings, but with no private information, we find no evidence for conformity. On the contrary, we observe a significant amount of non-conforming behavior, which cannot be attributed to errors.",

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AB - We study the role of social preferences and conformity in explaining herding behavior in anonymous risky environments. In an experiment similar to information cascade settings, but with no private information, we find no evidence for conformity. On the contrary, we observe a significant amount of non-conforming behavior, which cannot be attributed to errors.

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DO - 10.1016/j.econlet.2007.02.024

M3 - Journal article

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JO - Economics Letters

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