Examining characteristics of traditional nomadic herding cultures and traditional sedentary farming cultures, both of which are deeply established in Central Asian history, this paper provides evidence on the persistence of gender roles in culture, spillovers from one culture to another, and the impacts of efforts promoting gender equality. First, I investigate whether differences in gender rol...

Online shopping often requires consumers to choose among multiple products without detailed information about the quality. Herding is common in such situations which require consumers to infer product quality from other consumers’ choices and incorporate that information into their own decision-making process. The Internet affects the herding phenomenon in two ways. On the one hand, it provides...

Using event-related potentials, this study investigated how financial herding or antiherding affected the valuation of subsequent outcomes. For each trial, subjects decided whether to buy the stock according to its net money flow information which could be used to reflect the strength of buying power or selling power of the stock. The return on investment (ROI) as feedback included the increase...

We study the usefulness of conditional gradient like methods for determining projections onto convex sets, in particular, projections onto naturally arising convex sets in reproducing kernel Hilbert spaces. Our work is motivated by the recently introduced kernel herding algorithm which is closely related to the Conditional Gradient Method (CGM). It is known that the herding algorithm converges ...

Can rationally ignorant voters and informed politicians lead to persistently inefficient policies in a democracy? A long tradition of thought in political science and economics has answered negatively, due to the averaging out of randomly uninformed voters or persuasion attempts in a competitive setting. Rather, explanations for the persistence of inefficient policies has focused on interest gr...