How will they fare on Judgement Day?: Reputational Herding in Professional Communities,Used

How will they fare on Judgement Day?: Reputational Herding in Professional Communities,Used

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SKU: DADAX3845471999
Brand: LAP Lambert Academic Publishing
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This paper presents a theoretical model of decisionmaking by professionals within the same field. The decisionmakers consider reputation effects that result both from their relative actions and from the absolute outcomes. By combining the idea of relative actions from the managerial reputation herding models and that of outcomes from the information cascades models, one can make comparisons across a wide range of professions. The importance of outcomes, as a proxy for the relative importance of the two considerations, is a function of time.

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