Grant detail

GAUK No. 404611 - Dependence of Creation of Information Cascades on Decision Time

Principal investigator: PhDr. Lubomír Cingl Ph.D.
Collaborators: doc. PhDr. Michal Bauer Ph.D.
Description: In my previous experiment on topic of creation information cascades in Cingl (2010), relationship between level of time pressure and the probability to herd was ambigous and therefore I want to intensify the research in this field. I want to replicate the original experiment on the creation of information cascades as in Anderson and Holt (1997) and only add to the design the time constraint. The experimental treatments will have (apart from the control group with unlimited time) a binding time constraint ranging from “too much" time to “very little" time to make a decision. Generally the Anderson and Holt (1997) experiment was already replicated many times in many different ways, but there has never been focus on the time dimension in this way, so the proposed experiment will contribute to the innovative research in this field. External conditions for conducting the experiment are excellent as there is a new laboratory of experimental economics at University of Economics and the equipment for measuring heart-rate is now in the inventory of Charles University. The results will provide basis for the next experiment that will deal with herd behavior during panic in the financial markets in the second year of the grant.
Work in grant:
Web link:
Finance: GAUK No. 404611
End date: 2012

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