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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado: 2 registros
| Registro 1 de 2 | |
| Autor: | Bikhchandani, Sushil - Hirshleifer, David - Welch, Ivo - |
| Título: | Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades |
| Fuente: | Journal of Economic Perspectives. v.12, n.3. American Economic Association |
| Páginas: | pp. 151-70 |
| Año: | summer 1998 |
| Resumen: | 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. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 2 de 2 | |
| Autor: | Hirshleifer, David - Subrahmanyam, Avanidhar - Titman, Sheridan - |
| Título: | Security Analysis and Trading Patterns When Some Investors Receive Information before Others |
| Fuente: | Journal of Finance. v.49, n.5. American Finance Association |
| Páginas: | pp. 1665-98 |
| Año: | Dec. 1994 |
| Resumen: | In existing models of information acquisition, all informed investors receive their information at the same time. This article analyzes trading behavior and equilibrium information acquisition when some investors receive common private information before others. The model implies that, under some conditions, investors will focus only on a subset of securities (’herding’), while neglecting other securities with identical exogenous characteristics. In addition, the model is consistent with empirical correlations that are suggestive of oft-cited trading strategies such as profit taking (short-term position reversal) and following the leader (mimicking earlier trades). |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
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