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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Bibliographic Details
Main Author: ZHANG, Yi
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
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