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- W1590273669 abstract "The standard simple sequential herding model is altered to allow a firm with a new product to have it reviewed publicly before launch. Reviewers are either inherently pessimistic, optimistic or unbiased. We find the counter-intuitive result that a firm with a good product will prefer a pessimistic reviewer. Although firms with a bad product prefer unbiased reviewers, signalling considerations will force them to copy the choice of the good product firm in order to avoid revealing product type. This asymmetric impact provides a strong explanation for the stylized fact that reviewers are often viewed as being very critical." @default.
- W1590273669 created "2016-06-24" @default.
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- W1590273669 date "2004-06-16" @default.
- W1590273669 modified "2023-09-26" @default.
- W1590273669 title "Product Launches with Biased Reviewers: The Importance of Not Being Earnest" @default.
- W1590273669 cites W2114772404 @default.
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- W1590273669 doi "https://doi.org/10.17863/cam.5132" @default.
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