Herding is an integral part of ranch operations in contemporary times. An aspect of herding that has received scant …

This paper combines the recent game theoretic approach of endogenous timing of entry to herding models with a … macroeconomic model of investment cycles. The integrated description embodies the qualitative results of the myopic herding model in … recent findings of the herding literature, the stabilization potential of third parties' information revelation is …

socionomic theory of finance (STF) posits that contextual differences between economics and finance produce different behavior … valuations by other homogeneous agents induces unconscious, non-rational herding, which follows endogenously regulated …

This paper employs numerical simulations of the Park and Sabourian (2011) herd model to derive new theory …-based predictions for how information risk and market stress influence aggregate herding intensity. We test these predictions … sell herding. The model also explains why buy, not sell, herding is more pronounced during the financial crisis. …

learning and price dynamics. Without ambiguity, neither herding nor contrarianism is possible. If there is ambiguity and agents … become overly exuberant (or desperate) as the asset price surges (or plummets), we establish that investor herding may drive …