Conformity in the lab

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Conformity in the lab

We use a revealed preference approach to disentangle conformity, an intrinsic taste to follow others, from information driven herding. We provide observations from a series of sequential decision making experiments in which subjects choose the type of information they observe before making their decision. Namely, subjects choose between observing a private (statistically informative) signal or ...

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An important concern regarding our results pertains to subjects’confusion. If subjects do not understand the information content of the choices they face, interpreting our results would be diffi cult. In order to address this concern, we asked subjects to explain their behavior in a free-form manner at the end of each session. In our analysis, we focused on the low-stakes sessions and had a res...

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ژورنال

عنوان ژورنال: Journal of the Economic Science Association

سال: 2015

ISSN: 2199-6776,2199-6784

DOI: 10.1007/s40881-015-0001-7