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摘要
En 中文
The classic herding model examines the asymptotic behavior of agents who observe their predecessors' actions as well as a private signal from an exogenous information structure. In this paper, we introduce a self-interested sender into the model and study her prob-lem of designing this information structure. If agents cannot observe each other, the model reduces to Bayesian persuasion. However, when agents observe predecessors' actions, they may learn from them, potentially harming the sender. We identify necessary and suf-ficient conditions under which the sender can nevertheless obtain the same utility as when the agents are unable to observe each other. (JEL D82, D83, D91)
Keyword:
INFORMATION
期刊
IF:
11.6
论文数:
5.0K
被引数:
7.5W
机构
引用论文
A THEORY OF FADS, FASHION, CUSTOM, AND CULTURAL-CHANGE AS INFORMATIONAL CASCADES作为信息级联的时尚,时尚,习俗和文化变化的理论

