Boortz, Christopher; Jurkatis, Simon; Kremer, Stephanie; … - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2013
Due to data limitations and the absence of testable, model-based predictions, theory and evidence on herd behavior are … use numerical simulations of a herd model to derive new, theory-based predictions for aggregate herding intensity. From an … information risk. In contrast, herding measures estimated for the financial crisis period cannot be explained by the herd model …