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Mimetic herding behavior and the decision to strategically default

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Mimetic Herding Behavior and the Decision to Strategically Default

Seiler, Michael - 2014

This study examines the herding behavior of individuals in the context of their willingness to strategically default on a mortgage based on the (falsely) observed behavior of those around them. We find that homeowners are easily persuaded to follow the herd and adopt a strategic default...

Persistent link: https://www.econbiz.de/10013044169