Results 301 to 310 of about 45,601 (344)

Herd Behavior in Artificial Stock Markets

2004
Herd behavior in Economics can be fruitfully represented by a generalization of the well-known Ehrenfest urn model to correlated clustering. The strategies of an agent in a stock market (planning to buy, to sell or to be inactive) are represented by three urns, and the accommodation of each agent in one of them is ruled by a random mechanism that may ...
U. Garibaldi, RABERTO, MARCO, P. Viarengo   +2 more
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Analyst Forecasts and Herding Behavior:

Review of Financial Studies, 1994
The use of analyst forecasts as proxies for investors' earnings expectations is commonplace in empirical research. An implicit assumption behind their use is that they reflect analysts' private information in an unbiased manner. As demonstrated here, this assumption is not necessarily valid.
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On herding behavior

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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Herd behavior and idiosyncratic volatility

Journal of Business Research, 2015
Abstract 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, Bing-Huei Lin, Tung-Hsiao Yang   +2 more
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Hedge Funds and Herding Behavior

2021
Abstract 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, 2000
In 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, 2001
Abstract 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, 2018
We 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, Paul Gallimore, Sherwood Clements, Gang-Zhi Fan   +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, 2018
We 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, Coqueret, Guillaume, Mandou, Cyrille   +2 more
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