%0 Report
        %A Epstein, Gil S.
        %T Informational Cascades and Decision to Migrate
        %D 2002
        %8 2002 Mar
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 445
        %U https://www.iza.org/publications/dp445
        %X We introduce the idea that informational cascades can explain the observed regularity that
emigrants from the same locations also tend to choose the same foreign locations. Thus
informational cascades generate herd behavior. Herd behavior is compared with the network
externalities explanation of the same phenomenon. The relation between social tensions and
herd behavior is observed when local populations are xenophobic.
        %K informational cascades
%K Migration
%K network externalities
%K herd behavior
%K xenophobia