Tseng, Yung-Ching; Hsiao, I.-Fan; Wang, Guo-Chen - In: Econometrics : open access journal 13 (2025) 2, pp. 1-24
Financial studies on the herding effect have been very popular for decades, as detecting herding behavior helps to explain price deviations and market inefficiencies. However, studying the herding effect as a single influencing factor is believed to be insufficient to explain the changes in...