How to elicit and cease herding behaviour? On the effectiveness of a warning message as a debiasing decision support system

Volume: 152, Pages: 113652
Published: Jan 1, 2022
Abstract
null null Behavioural economics has been argued to be a productive basis for decision support system (DSS) research. Whereas traditional economics assumes that individuals make decisions independently of others, behavioural economists have shown that humans tend to follow the crowd in their decisions (i.e., exhibit herding bias). However, the literature is silent on how convincing the information on the decisions of the crowd needs to be to...
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Title
How to elicit and cease herding behaviour? On the effectiveness of a warning message as a debiasing decision support system
Published Date
Jan 1, 2022
Volume
152
Pages
113652
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