1999
DOI: 10.1007/978-94-015-9191-1_5
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The Great Illusion: Ignorance, Informational Cascades, and the Persistence of Unpopular Norms

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Cited by 32 publications
(48 citation statements)
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“…Most importantly, in the weak cascade setting, we do not require every member of the population to follow the perceived majority preference, but allow them to take into account the size of the majority as compared to the strength of their private preferences. This is very different than previous cascade models such as Banerjee (1992), Bikhchandani et al (1992), and Bicchieri and Fukui (1999), which assume that every individual places very high weight on public opinion, and thus follows the majority. In such situations, it is not surprising that cascades occur, but the more realistic scenario (where many individuals do not place high weight on public opinion) has not been adequately explored.…”
Section: Our Modelcontrasting
confidence: 57%
See 3 more Smart Citations
“…Most importantly, in the weak cascade setting, we do not require every member of the population to follow the perceived majority preference, but allow them to take into account the size of the majority as compared to the strength of their private preferences. This is very different than previous cascade models such as Banerjee (1992), Bikhchandani et al (1992), and Bicchieri and Fukui (1999), which assume that every individual places very high weight on public opinion, and thus follows the majority. In such situations, it is not surprising that cascades occur, but the more realistic scenario (where many individuals do not place high weight on public opinion) has not been adequately explored.…”
Section: Our Modelcontrasting
confidence: 57%
“…Thus we present a model of cascade effects which builds on the prior work of Bicchieri and Fukui (1999), as well as much of the earlier work on informational and reputational cascades. As in other models of cascade effects, we examine a micromodel of the behavior of individual rational agents, and show that this leads to herd behavior in the aggregate.…”
Section: Our Modelmentioning
confidence: 99%
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“…Surprisingly, they even become advocate of the norm due to potential embarrassment as a consequence of revealing their private thought to a group of people which they think, think otherwise. Some interesting examples quoted in the literature are foot binding [3], female genital mutilation [4], Johannes town massacre [5] and acceptability of corruption [6].…”
Section: Introductionmentioning
confidence: 99%