Results 221 to 230 of about 4,124 (264)
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Applied Animal Behaviour Science, 1991
Abstract Herding behavior in ungulates is executed mainly by males. There are several forms of herding: guarding a single estrous female; rounding up a bunch of females during the rutting season; territorial herding by which a male keeps females inside his territory; herding of a moving, permanent, harem group; social herding in which group members ...
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Abstract Herding behavior in ungulates is executed mainly by males. There are several forms of herding: guarding a single estrous female; rounding up a bunch of females during the rutting season; territorial herding by which a male keeps females inside his territory; herding of a moving, permanent, harem group; social herding in which group members ...
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Herd behavior and idiosyncratic volatility
Journal of Business Research, 2015Abstract This study investigates the impact of idiosyncratic volatility on investment behavior of market participants in Taiwan equity market. Empirical results show that herd behavior exists in this equity market, and herding shows distinct patterns under various portfolios according to idiosyncratic volatility.
Teng-Ching Huang +2 more
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Hedge Funds and Herding Behavior
2021Abstract This chapter examines whether hedge funds herd, how this herding occurs, and any potential market wide effects. Bringing together the mainstream finance literature and that from a more management and sociological perspective, it is shown that hedge funds herd, although there is some evidence this is less than other large ...
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Herd Behavior and Investment: Reply
American Economic Review, 2000In our 1990 paper, we showed that managers concerned with their reputations might choose to mimic the behavior of other managers and ignore their own information. We presented a model in which “smart” managers receive correlated, informative signals, whereas “dumb” managers receive independent, uninformative signals.
Jeremy C. Stein, David S. Scharfstein
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Herd behavior of Japanese economists
Journal of Economic Behavior & Organization, 2001Abstract This paper analyzes herding by Japanese macroeconomic forecasters. We find that Japanese forecasters herd together regardless of their age. In comparison, Lamont (1995) finds that older American forecasters stop herding.
Masahiro Ashiya, Takero Doi
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Herding Behavior among Residential Developers
The Journal of Real Estate Finance and Economics, 2018We investigate whether US real estate developers display herding in their building permit seeking behavior. We measure herding over the period 1988 through 2011 by applying to permit issuances measures previously used in studies of stock herding. We find evidence of herding at levels comparable to those found in studies involving common-stock trading ...
SeungHan Ro +3 more
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Conversation, Information, and Herd Behavior [PDF]
American 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.
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Herding behavior among wine investors
Economic Modelling, 2018We propose a detailed and comprehensive examination of the two main regression-based techniques used to detect herding among investors. We also introduce a novel approach based on the autocorrelation of returns. We test all models on a unique dataset of wine prices.
Aytaç, Beysül +2 more
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Is anti-herding behavior spurious?
Finance Research Letters, 2019Abstract Herding behavior has been in the epicenter of a heated debate over the past three decades across traditional and alternative asset markets. Establishing the existence of herding relies on a standard regression-based testing procedure. Employing Monte Carlo simulations we show that spurious anti-herding behavior might emerge even if the ...
Stavros Stavroyiannis +3 more
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Revisiting Herding Behavior: Likelihood Evidence
SSRN Electronic Journal, 2013We examine herding behavior in the US stock market, employing 30 blue chip companies of the Dow Jones Industrial Average Index, through 2001-2011. We propose a novel multivariate stochastic volatility methodology extended to allow for common factors that detect and measure the contribution of herding conditional on stylized-fact features of returns. We
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