Social Learning — Cascade Simulator

Model · Informational Cascades Bikhchandani, Hirshleifer & Welch (1992) · Smith & Sørensen (2000)

Parameters

Prior p₀ 0.50

Agents N 40

True state θ H

Signal Distribution

Signal Accuracy

Pr(s=H | θ=H) 0.70

Playback Speed

Controls

State

Agent

—

LLR

—

Belief p_t

—

Cascade

none

# Adopt

0

# Reject

0

Agent Sequence step 0 / 40

ready

▲ cascade · adopt

▼ cascade · reject