The DOI matches its Crossref record; 30 of the 30 references it cites were found in a registry or an index.
Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades
Abstract
Learning by observing the past decisions of others can help explain some otherwise puzzling phenomena about human behavior. For example, why do people tend to converge on similar behavior? Why is mass behavior prone to error and fads? The authors argue that the theory of observational learning, and particularly of informational cascades, has much to offer economics, business strategy, political science, and the study of criminal behavior.
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Cites
Rogers, E. M., Singhal, A., & Quinlan, M. M. (2019) · An Integrated Approach to Communication Theory and Research · doi:10.4324/9780203710753-35 · Cited by 37,322
(2019) · AEA Papers and Proceedings · doi:10.1257/pandp.109.612 · Cited by 10,902
Competing Technologies, Increasing Returns, and Lock-In by Historical Events
Arthur, W. B. (1989) · The Economic Journal · doi:10.2307/2234208 · Cited by 7,489
A Simple Model of Herd Behavior
Banerjee, A. V. (1992) · The Quarterly Journal of Economics · doi:10.2307/2118364 · Cited by 6,556
Aggression: A Social Learning Analysis
Bandura, A. (1973) · Stanford Law Review · doi:10.2307/1227918 · Cited by 4,302
A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades
Bikhchandani, S., Hirshleifer, D., & Welch, I. (1992) · Journal of Political Economy · doi:10.1086/261849 · Cited by 1,805
Self-citationGlaeser, E. L., Sacerdote, B., & Scheinkman, J. A. (1996) · The Quarterly Journal of Economics · doi:10.2307/2946686 · Cited by 1,758
Disorder and decline: crime and the spiral of decay in American neighborhoods
(1991) · Choice Reviews Online · doi:10.5860/choice.28-3588 · Cited by 1,361
Sequential Sales, Learning, and Cascades
WELCH, I. (1992) · The Journal of Finance · doi:10.1111/j.1540-6261.1992.tb04406.x · Cited by 1,298
Self-citationThe Dynamics of Informational Cascades: The Monday Demonstrations in Leipzig, East Germany, 1989–91
Lohmann, S. (1994) · World Politics · doi:10.2307/2950679 · Cited by 1,035
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Dissecting the Social: On the Principles of Analytical Sociology
Hedstrom, P. (2005) · doi:10.1017/cbo9780511488801 · Cited by 816
(2005) · Cited by 772
Bayesian Learning in Social Networks
Acemoglu, D., Dahleh, M. A., Lobel, I., & Ozdaglar, A. (2011) · The Review of Economic Studies · doi:10.1093/restud/rdr004 · Cited by 754
Potential disadvantages of using socially acquired information
Giraldeau, L., Valone, T. J., & Templeton, J. J. (2002) · Philosophical Transactions of the Royal Society of London. Series B: Biological Sciences · doi:10.1098/rstb.2002.1065 · Cited by 560
Competition and Business Strategy in Historical Perspective
Ghemawat, P. (2002) · Business History Review · doi:10.2307/4127751 · Cited by 429
Metadata
- Authors
- Bikhchandani, S., Hirshleifer, D., & Welch, I.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 1998-08-01
- Volume
- 12
- Issue
- 3
- Pages
- 151-170
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W2096365673
- Cited by
- 1,915
- References
- 30
- FWCI
- 21.09
- Type
- journal article
- Language
- en
- Open access
- closed
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- Bikhchandani, S., Hirshleifer, D., & Welch, I. (1998). Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades. Journal of Economic Perspectives. https://doi.org/10.1257/jep.12.3.151
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
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.
