A THEORY OF FADS, FASHION, CUSTOM, AND CULTURAL-CHANGE AS INFORMATIONAL CASCADES

被引：3119

作者：

BIKHCHANDANI, S

HIRSHLEIFER, D

WELCH, I

机构：

[1] University of California, Los Angeles

来源：

JOURNAL OF POLITICAL ECONOMY | 1992年 / 100卷 / 05期

关键词：

D O I：

10.1086/261849

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

An informational cascade occurs when it is optimal for an individual, having observed the actions of those ahead of him, to follow the behavior of the preceding individual without regard to his own information. We argue that localized conformity of behavior and the fragility of mass behaviors can be explained by informational cascades.

引用

页码：992 / 1026

页数：35

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