Boortz, Christopher; Jurkatis, Simon; Kremer, Stephanie; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
Due to data limitations and the absence of testable, model-based predictions, theory and evidence on herd behavior are … simulations of a herd model to derive new, theory-based predictions for aggregate herding intensity. Using high … herding measured for the financial crisis period cannot be explained by the herd model. …