Robust Information Cascade with Endogenous Ordering
We analyze a sequential decision model with endogenous ordering in which decision makers are allowed to choose the time of acting (exercising a risky investment option) or waiting. We show the existence of a unique symmetric equilibrium and characterize information cascade under endogenous ordering....
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2016
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Online Access: | https://ink.library.smu.edu.sg/soe_research/1688 https://ink.library.smu.edu.sg/context/soe_research/article/2687/viewcontent/InfoCascadeCompetition.pdf |
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Institution: | Singapore Management University |
Language: | English |