Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2011 | nr 30 | 153--160
Tytuł artykułu

Herd Behaviour in Organizations : The Case of Entering an Investment Project

Warianty tytułu
Języki publikacji
The presented model can certainly be developed. We may consider the possibility that "the last in the row" decision maker does not care much of the prosperity of the led company (the case where "the last in the row decision maker" is also opportunistic). Such set-up of the model should be thoroughly examined. Moreover, the case of trust and reputation can be here deeply looked into. If the mutual trust is present in the organization and this trust is not spoiled by the employees' misbehaviour, many negative decision biases and organizational externalities are unlikely to happen. Such companies (equipped with internal trust) are called dense social capital companies. The analysis of the role of social capital (Coleman, 1988) in organizations and its influence on internal information flows and knowledge sharing is definitely worth carrying out.
Opis fizyczny
  • Szkoła Główna Handlowa w Warszawie
  • Becker, G.S. (1962), Irrational Behaviour and Economic Theory, "Journal of Political Economy", 70, 1-13.
  • Camerer C., G. Lowenstein, and D. Prelec (2003), Neuroeconomics, Mimeo.
  • Coleman, J.S. (1988), Social capital in the creation of human capital, "American Journal of Sociology", 94, 95-120.
  • Dayananda, D., Irons, R., Harrison, S., Herbohn, J. and P. Rowland (2002), Capital budgeting: Financial Appraisal of Investment Projects, Cambridge University Press.
  • Gale, D. (1996), What have we learned from social learning, "European Economic Review", 40, 617-628.
  • Heiner, R. (1983), The Origin of Predictable Behavior, "American Economic Review", 73, 560-595.
  • Hendrikse, G. (2003), Economics and management of organizations, McGraw-Hill.
  • Kreps, D. (1990), A Course in Microeconomic Theory, Harvester Wheatsheaf.
  • Mankiw, N.G. (2008), Principles of Microeconomics, South-Western Pub.
  • Rabin, M. (1998), Psychology and Economics, "Journal of Economic Literature", 36, 11-46.
  • Scharfstein, D. and J. Stein (1990), Herd Behavior and Investment, "American Economic Review", 80, 465-479.
  • Simon, H.A. (1961), Administrative Behavior, New York.
  • Simon, H.A. (1982), Models of Bounded Rationality: Economic Analysis and Public Policy, The MIT Press.
  • Spence, M. (1973), Job Market Signaling, "Quarterly Journal of Economics", 87, 355-374.
  • Thaler, R.H. (1995), Advances in Behavioral Finance, Russell Sage Foundation.
  • Tirole, J. (1988), The theory of industrial organization, The MIT Press.
  • Whalley, J. (2005), Rationality, Irrationality and Economic Cognition, "CESIFO Working Paper", No. 1445.
Typ dokumentu
Identyfikator YADDA

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.