• 1. Introduction
  • 2. Survey methodology and design
  • 3. Survey findings on reputational herding
  • 4. Herding managers' working effort, preferred source of information andinvestment horizon
  • 4.1 Herd behavior and working effort
  • 4.2 Herd behavior and use of information
  • 4.3 Herd behavior and investment horizon
  • 5. Herding managers' risk taking behavior
  • 5.1 Herd behavior and risk aversion
  • 5.2 Herd behavior and biased risk-taking behavior
  • 5.3 Herd behavior in the tournament
  • 6. Conclusions
  • References