EXPERTS' EARNING FORECASTS: BIAS, HERDING AND GOSSAMER INFORMATION [PDF]
We study the statistics of earning forecasts of US, EU, UK and JP stocks during the period 1987–2004. We confirm, on this large data set, that financial analysts are on average over-optimistic and show a pronounced herding behavior. These effects are time dependent, and were particularly strong in the early 1990s and during the Internet bubble.
Olivier Guedj, Jean-Philippe Bouchaud
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Pengaruh Herding Bias dan Overconfidence Bias terhadap Pengambilan Keputusan Investasi
This research study was conducted to analyze the effect of herding bias and overconfidence bias on investment decision-making. This research used quantitative methods with data collection techniques using questionnaires distributed to individual investors who have experience with a total sample of about 124 respondents.
I Wayan Rona, Ni Kadek Sinarwati
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Emotional Bias, Cognitive Bias and Herding Bias toward Investment Decision for Indonesian Investor
In making investment decisions, the role of emotions is very important because of investors irrational symptoms in decision making. This study aims to analyze the effect of emotional bias, cognitive bias, and herding bias on the investment decision making of investors in Indonesia. The research approach used is a quantitative approach. By using primary
Haryati Setyorini +2 more
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INVESTMENT DECISION MAKING AMONG GULF INVESTORS: BEHAVIOURAL FINANCE PERSPECTIVE
The rationality hypothesis has been a very popular topic among the academics. Being a widely accepted hypothesis as part of the traditional finance theories, an investor is deemed a rational agent and makes rational decisions by exhausting all available ...
Bashar Yaser Almansour +1 more
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Examining Herding Behaviour and Its Impact on Stock Market Volatility: Insights from Asian Economies
Objective: This study empirically investigates herding bias in six key Asian countries—Indonesia, Singapore, Taiwan, China, Hong Kong, and India—across different periods (pre-, during, and post-COVID-19).
Riza Patwarani, Zaafri Husodo
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EFEK INTERAKSI LITERASI KEUANGAN DALAM KEPUTUSAN INVESTASI: PENGUJIAN BIAS-BIAS PSIKOLOGI
This research aims to analyze psychological biases that occur when investors make risky investment decisions. There are five behavioral factors analyzed (herding, overconfidence, disposition effect, conservatism, and availability).
Wendy Wendy
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PSYCHOLOGICAL FACTORS AND INVESTMENT DECISIONS IN THE NIGERIA CAPITAL MARKET [PDF]
This study examines Behavioral Factors and Investment Decision Making in the Nigerian Stock Exchange (NSE). Thus, the research question is what are the psychological factors affecting investment decisions in the Nigerian capital market.
Esther Ikavbo Evbayiro-Osagie +1 more
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Does volatility mediate the impact of analyst recommendations on herding in Malaysian stock market?
This study examines the mediating role of volatility on the relationship between analyst recommendations and herding in the Malaysian stock market by using data from 2010 to 2020. Volatility is measured by realized volatility and the Parkinson estimator.
Loang Ooi Kok, Ahmad Zamri
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Investor Herding Behavior in Extreme Conditions During Covid-19: Study On Indonesian Stock Market
Herding behavior as a financial behavior bias is defined as the tendency of investors to imitate other decisions without prudent consideration. The aim of this paper is to analyze the effect of investor herding behavior in extreme market conditions ...
Rizal Abdul Jabbar Sadewo +1 more
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Investment decisions, aimed at securing long-term gains, are shaped by rational and irrational attitudes in capital allocation. Financial literacy gauges the rational stance, while behavioral finance dissects irrational inclinations. Behvioral finance includes overcondience bias, herding bia and loss aversion bias.
Rafandito Mahendra Nugraha Prayudi +1 more
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