Programme for the Workshop on Informational Herding Behavior

Friday September 16

12.30 Lunch

14.00-15.00

Rabah Amir (University of Arizona): Discounted Supermodular Stochastic Games.

Luís Bettencourt (Santa Fe Institute): Tipping the Balances of a Small World: Spontaneous Herding and Social Structure. There is also a companion paper, Degeneracy of Choice and the Spontaneous Formation of Herds.

15.00 Coffee

15.30-17.00

Jean-Paul Decamps (GREMAQ, Toulouse) and Stefano Lovo (HEC, Paris): Informational Cascades with Endogenous Price: the Role of Risk Aversion.

Andreas Park (University of Toronto): Herd Behaviour in Efficient Financial Markets with Sequential Trades. Joint with Hamid Sabourian. Look here for the up to date version.

Andrea Prat (London School of Economics): Reputation and Asset Prices: A Theory of Information Cascades and Systematic Mispricing. Joint with Amil Dasgupta.

17.15-18.45

David Gill (Trinity College, Oxford) and Daniel Sgroi (University of Cambridge): Sequential Decisions with Tests. There is also a companion paper, The Optimal Choice of Pre-Launch Reviewer.

Klaus Kultti (University of Helsinki) and Paavo Miettinen (University of Helsinki): Herding with Costly Observations.

Tuvana Pastine (NUI Maynooth): Social Learning in Continuous Time: When are Informational Cascades More Likely to be Inefficient? There is also a companion paper, Signal Accuracy and Informational Cascades which is joint with Ivan Pastine.

19.00 Dinner

Saturday September 17

9.30-10.30

Bogaçhan Çelen (Columbia University): Endogenous Network Formation via Information Acquisition. Joint with Shachar Kariv and Syngjoo Choi.

Shachar Kariv (UC Berkeley): Confronting Theory with Data and Vice Versa: An Experimental Study of Learning in Social Networks. Joint with Syngjoo Choi and Douglas Gale. Look here for Tables and Figures (1.8 Mb).

10.30 Coffee

11.00-12.30

Jonathan Alevy (University of Maryland) and Michael Haigh (US Commodity Futures Trading Commission): Information Cascades: Evidence from a Field Experiment with Financial Market Professionals. Joint with John List.

Peter Haiss (University of Economics and Business Administration, Vienna): Banks, Herding and Regulation: a Review and Synthesis.

Brian Rogers (California Institute of Technology): Self-correcting Information Cascades. Joint with Jacob Goeree, Thomas Palfrey and Richard McKelvey.

12.30 Lunch

14.00-15.30

Dan Levin (Ohio State University): Investment Dynamics with Common and Private Values. Joint with James Peck.

Andreas Roider (University of Bonn): Herding with and without Payoff Externalities - An Internet Experiment. Joint with Mathias Drehmann and Jörg Oechssler.

Anthony Ziegelmeyer (Max Planck Institute, Jena): Strategic Delay and Rational Imitation in the Laboratory. Joint with Kene Boun My, Jean-Christophe Vergnaud and Marc Willinger.

15.30 Coffee

16.00-17.30

Lars Frisell (Sveriges Riksbank): On the Interplay of Informational Spillovers and Payoff Externalities.

Nicolas Melissas (University of Leicester). Random Reservation Prices and Bid Disclosure in OCS Wildcat Auctions. Here are the slides for the presentation.

Rocco Huang (World Bank): Social Interactions and Industry Choices of Entrepreneurs. Look here for the up to date version.

17.45-18.45

Bruno Deschamps (ECARES, Bruxelles): Why Asking Why? Detailed Forecasts and Herd Behavior.

Olivier Gergaud (OMI, Reims, and TEAM, Paris): Strategic Forecasting among Experts: Evidence from the Horse-Racing Tipsters. Joint with Bruno Deschamps.

19.00 Dinner

Sunday September 18

9.00-10.30

Gilat Levy (London School of Economics): Secretive vs. Transparent Committees and the Group Reputation Effect.

Lucie Ménager (EUREQua, Paris): Communication, Consensus and Order. Who Wants to Speak First? Joint with Nicolas Houy.

Bauke Visser (Erasmus University Rotterdam): On Committees of Experts. Joint with Otto Swank.

10.30 Coffee

11.00-12.30

Marco Cipriani (George Washington University): Estimating a Structural Model of Herd Behavior in Financial Markets. Joint with Antonio Guarino.

Helios Herrera (ITAM, Mexico): Rational Trader Frenzies. Joint with Lones Smith.

Marco Ottaviani (London Business School): Dynamic Monopoly Pricing with Herding. Joint with Subir Bose, Gerhard Orosel and Lise Vesterlund.

12.30 Lunch

13.45-14.45

Simone Alfarano (University of Kiel): Estimation of Agent-Based Models: the Case of an Asymmetric Herding Model. Joint with Friedrich Wagner and Thomas Lux.

Wei Pang (University of Exeter): CEU with Updated Neo-additive Capacities: Herd and Contrarian Behaviour in a Simple Financial Model. Joint with Jim Ford and David Kelsey.

14.45 Coffee

15.00-16.00

In Ho Lee (Seoul National University): Strategic Asymmetry in Dynamic Coordination Games with Learning. Joint with Junghoon Lee.

Peter Norman Sørensen (University of Copenhagen): Informational Herding and Optimal Experimentation. Joint with Lones Smith.


Scientific Committee: Christophe Chamley, Peter Norman Sørensen, Xavier Vives.

Practical Organization: Peter Norman Sørensen, with administrative assistance from Anne Nordly.

Last updated on September 21, 2005.