WitrynaHerd Behavior and Investment Abstract This paper presents a theoretical model of herd behavior in investment. Managers mimic the investment decisions of other managers, in the process ignoring their private information about the attractiveness of various alternatives. Although this behavior is inefficient from a social WitrynaHerding is a common phenomenon in behavioral finance. Nofsinger and Sias (1999) define herding as a group of investors trading in the same direction over a period of …
Full article: Herd behavior and firm-specific information
Witryna27 sty 2010 · Lee S and Lee K (2024) 3% rules the market: herding behavior of a group of investors, asset market volatility, and return to the group in an agent-based model, Journal of Economic Interaction and Coordination, 10.1007/s11403-020-00299-x, 16:2, (359-380), Online publication date: 1-Apr-2024. Witryna21 cze 2024 · The present research examines market-wide herd behaviour in the Indian equity market. Further, we study the impact of volatility and government stringency measures on herd behaviour during the outbreak of COVID-19 pandemic. Using daily data and quantile regression estimator, we document significant herding for the … how does elevation affect cooking
(PDF) Role of Herding Behavior in Influencing …
Witryna1 mar 2000 · A. Information-based Herding and Cascades. The basic models in Banerjee (1992), Bikhchandani, Hirshleifer, and Welch (1992), and Welch (1992) assume that the investment opportunity is available to all individuals at the same price, i.e., the supply is perfectly elastic. This may be a reasonable assumption for foreign direct … Witryna28 maj 2024 · The existence of behavioural bias such as positive feedback trading (PFT) and herding is well researched for advanced economies. This paper explores whether foreign institutional investors (FIIs), a prominent investor group, pursue these strategies in India. The contribution lies in the application of multiple measures of herding. … photo editing with text