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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2016
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sg-smu-ink.soe_research-26872019-05-20T09:56:19Z Robust Information Cascade with Endogenous Ordering ZHANG, Yi 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. Further, if there are two or more risky investment options, individuals tend to wait longer with competition. Hence, we could end up with a dilemma: more options might be worse. 2016-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/1688 https://ink.library.smu.edu.sg/context/soe_research/article/2687/viewcontent/InfoCascadeCompetition.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Information Cascade Endogenous Ordering Competition Economic Theory Industrial Organization |
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Information Cascade Endogenous Ordering Competition Economic Theory Industrial Organization |
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Information Cascade Endogenous Ordering Competition Economic Theory Industrial Organization ZHANG, Yi Robust Information Cascade with Endogenous Ordering |
| description |
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. Further, if there are two or more risky investment options, individuals tend to wait longer with competition. Hence, we could end up with a dilemma: more options might be worse. |
| format |
text |
| author |
ZHANG, Yi |
| author_facet |
ZHANG, Yi |
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ZHANG, Yi |
| title |
Robust Information Cascade with Endogenous Ordering |
| title_short |
Robust Information Cascade with Endogenous Ordering |
| title_full |
Robust Information Cascade with Endogenous Ordering |
| title_fullStr |
Robust Information Cascade with Endogenous Ordering |
| title_full_unstemmed |
Robust Information Cascade with Endogenous Ordering |
| title_sort |
robust information cascade with endogenous ordering |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2016 |
| url |
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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