Affordable Access

Anti-herding and strategic consultation

Publication Date
  • Jc Political Theory


In this paper I analyze how careerist decision makers aggregate and use information provided by others. I find that decision makers who are motivated by reputation concerns tend to ‘anti-herding’, i.e., they excessively contradict public information such as the prior or others’ recommendations. I also find that some decision makers may deliberately act unilaterally and not consult advisers although advice is costless. Moreover, advisers to the decision maker may not report their information truthfully. Even if the advisers care only about the outcome, they bias their recommendation since they anticipate inefficient anti-herding behavior by the decision maker.

There are no comments yet on this publication. Be the first to share your thoughts.


Seen <100 times

More articles like this

Anti-herding and strategic consultation

on European Economic Review Jan 01, 2004

Strategic Herding Behavior in Peer-to-Peer Loan Au...

on Journal of Interactive Marketi... Jan 01, 2011

Herding the animals into the barn: a parent consul...

on The Psychoanalytic study of th... 2005
More articles like this..