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Sushil Bikhchandani, David Hirshleifer, and Ivo Welch A theory of fads, fashion, custom, and cultural change as informational cascades article

A theory of fads, fashion, custom, and cultural change as informational cascades

Sushil Bikhchandani, David Hirshleifer, and Ivo Welch

Journal of Political Economy, vol. 100, no. 5, 1992, pp. 992–1026