منابع مشابه
Herd behavior in designer genes.
The ability of individuals to choose their children's genes has increased over time and may ultimately culminate in a world involving free market reprogenetic technologies. Reprogenetic technologies combine advances in reproductive biology and genetics to provide humans increased control over their children's genes. This Article offers economic perspectives that are helpful in understanding the...
متن کاملDesigner Genes and Engineered Circuits
The recent design andassembly of the first synthetic eukaryotic chromosome (Annaluru et al., 2014) inspires great confidence in our burgeoning ability to engineer life with desired properties and for new purposes. The creation, called synIII (it was modeled on Saccharomyces cerevisiae chromosome III), is matched in scale only by previous efforts in bacteria, and its successful assembly issues a...
متن کاملHerd Behavior in Efficient Financial Markets
Rational herd behavior and informationally efficient security prices have long been considered to be mutually exclusive but for exceptional cases. In this paper we describe conditions on the underlying information structure that are necessary and sufficient for informational herding. Employing a standard sequential security trading model, we argue that people may be subject to herding if and on...
متن کاملHerd Behavior in a Laboratory Financial Market
We study herd behavior in a laboratory Þnancial market where a sequence of subjects trades an asset whose value is unknown. In two treatments the price is updated according to a deterministic rule based on the order ßow, and in another it is updated by experimental participants. Theory predicts that agents should never herd. Our experimental results are in line with this prediction. Nevertheles...
متن کاملHerd behavior in a complex adaptive system.
In order to survive, self-serving agents in various kinds of complex adaptive systems (CASs) must compete against others for sharing limited resources with biased or unbiased distribution by conducting strategic behaviors. This competition can globally result in the balance of resource allocation. As a result, most of the agents and species can survive well. However, it is a common belief that ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1999
ISSN: 1556-5068
DOI: 10.2139/ssrn.170688