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Conversation, Information, and Herd Behavior [PDF]

open access: yesAmerican Economic Review, 1995
Experimental evidence shows that an important reason why people tend to imitate others, to exhibit "herd behavior" is that they assume that the others have information that justifies their actions. The information cascade models of Banerjee [1992] and Bikhchandani et al.
Shiller, Robert J.
core   +3 more sources

Herding Behavior and Liquidity in the Cryptocurrency Market

Asia-Pacific Journal of Operational Research, 2021
In view of explosive trends and excessive trades in the cryptocurrency markets, this paper contributes to the existing literature by bringing in the limelight the effect of liquidity on the herding behavior in the cryptocurrency market. Results from a first applied herding model including contemporaneous and lagged squared market returns demonstrated ...
Sonia Arsi, Khaled Guesmi, Elie Bouri
openaire   +2 more sources

Vaccination, Herd Behavior, and Herd Immunity

Medical Decision Making, 2013
Background: During the 2009 outbreak of novel influenza AH1N1, insufficient data were available to adequately inform decision makers about benefits and risks of vaccination and disease. We hypothesized that individuals would opt to mimic their peers, having no better decision anchor.
Matan J, Cohen   +4 more
openaire   +2 more sources

Online Herd Behavior in Virtual Communities

International Journal of Innovation in the Digital Economy, 2022
Previous studies on WOM have stressed the importance of peer consumer reviews in making purchase decision. When people follow the others purchase decision on the Internet, online herd behavior occurs. This paper presents three experiments that examine herd behavior in virtual communities: In experiment 1, a 2 (Volume: sales/recommendation) online ...
Yi-Fen Chen   +3 more
openaire   +2 more sources

Herd Behavior and Investment: Comment

American Economic Review, 2000
In an influential paper, David S. Scharfstein and Jeremy C. Stein (1990) modeled sequential investment by agents concerned about their reputation as good forecasters. Consider an agent who acts after observing the behavior of another ex ante identical agent.
OTTAVIANI, MARCO M., P. Sorensen
openaire   +3 more sources

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