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have an incentive to imitate and to be imitated since herding turns out to be profitable. …
Persistent link: https://www.econbiz.de/10011268986
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Persistent link: https://www.econbiz.de/10014253255
When banks choose similar investment strategies, the financial system becomes vulnerable to common shocks. Banks decide about their investment strategy ex-ante based on a private belief about the state of the world and a social belief formed from observing the actions of peers. When the social...
Persistent link: https://www.econbiz.de/10012988737
When banks choose similar investment strategies, the financial system becomes vulnerable to common shocks. Banks decide about their investment strategy ex-ante based on a private belief about the state of the world and a social belief formed from observing the actions of peers. When the social...
Persistent link: https://www.econbiz.de/10013051175
When banks choose similar investment strategies, the financial system becomes vulnerable to common shocks. Banks decide about their investment strategy ex-ante based on a private belief about the state of the world and a social belief formed from observing the actions of peers. When the social...
Persistent link: https://www.econbiz.de/10010405430
has been explained using Bayesian principles. This paper outlines the results from a herding task designed to extend these … impact on individuals' decisions. We extend these findings by identifying associations between herding propensities and …-making. Individual differences also correlate strongly with amygdala activations during herding decisions. These findings are used to …
Persistent link: https://www.econbiz.de/10010699828
, switching and herding all contribute to market volatility in price and return and to volatility clustering, their impacts are … absolute and squared returns increase with the intensities of herding and trend chasing based on long time horizon. However an …
Persistent link: https://www.econbiz.de/10011077524
herding all contribute to market volatility in price and return and volatility clustering, but their impact are different. On … absolute and squared returns increase with herding and trend chasing based on long time horizon. On the other hand, the …
Persistent link: https://www.econbiz.de/10010754095
on the cross sectional dispersion of trading volume to examine the herding behavior on Toronto stock exchange. Our … findings show that the herd phenomenon consists of three essential components: stationary herding which signals the existence … of the phenomenon whatever the market conditions, intentional herding relative to the anticipations of the investors …
Persistent link: https://www.econbiz.de/10013135072