Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/72381 
Year of Publication: 
2006
Series/Report no.: 
UCD Centre for Economic Research Working Paper Series No. WP06/20
Publisher: 
University College Dublin, UCD School of Economics, Dublin
Abstract: 
We extend the Bikhchandani, Hirshleifer and Welch (1992) informational cascade framework to allow for asymmetric signal accuracy. Simulations demonstrate that even small departures from symmetry may lead to non-monotonic effects of signal accuracy on the likelihood of an inefficient cascade.
Subjects: 
Learning
Herding
Signal Precision
JEL: 
D80
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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