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Behavior of economic agents in the setting of information cascades


Irina Strelets
(about the author)

Strelets Irina Aleksandrovna – Doctor of Science, Economics, Professor of the Chair of Applied Economics, Moscow State Institute for International Relations i_strelets@hotmail.ru

Published in:
Creative Economy
– № 12 / December, 2014



Keywords: behavioral patterns, communication process, competitiveness, economy of knowledge, information cascades, information technology solutions, innovation strategy, management, social networks


Citation:
Irina Strelets (2014). Behavior of economic agents in the setting of information cascades. Creative Economy, 8(12), 71-80. — url: http://bgscience.ru/com/lib/1346


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Abstract:

By deepening the mutual communication processes of individuals via network resources, the information technology solutions lead to the buildup of information cascades, which, in turn, significantly affect the behavior of consumers and firms. Microeconomic subjects are bound to incorporate these changes in their subsequent actions.







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