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Information Aggregation with Random Ordering: Cascades and Overconfidence

✍ Scribed by Markus Nöth; Martin Weber


Book ID
108556993
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
375 KB
Volume
113
Category
Article
ISSN
0013-0133

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## Abstract Aggregation is commonly associated with loss of information. In contrast, this paper shows that aggregation can actually enhance information down‐the‐road by deterring information cascades. In particular, when hierarchical tiers forward only aggregate recommendations rather than nitty‐g