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Cited by 1,805

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades

Open access
Bikhchandani, Sushil, Hirshleifer, David, Welch, Ivo·1992·Journal of Political Economy
DOI 10.1086/261849
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Abstract

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.

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Metadata

Authors
Bikhchandani, S., Hirshleifer, D., & Welch, I.
Venue
Journal of Political Economy
Publisher
University of Chicago Press
Published
1992-10
Volume
100
Issue
5
Pages
992-1026
ISSN
  • 0022-3808 (ISSN-L)
  • 1537-534X
DOI
10.1086/261849
OpenAlex
W2091087160
Cited by
1,805
References
3
FWCI
1.69
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades. https://app.cochat.ai/papers/10.1086/261849
The paper
Bikhchandani, S., Hirshleifer, D., & Welch, I. (1992). A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades. Journal of Political Economy. https://doi.org/10.1086/261849

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.