Solakoglu, M. Nihat; Demir, Nazmi - In: Applied Economics Letters 21 (2014) 14, pp. 965-968
This study searches for sentimental herding in Borsa Istanbul (BIST) using a state-space model for two distinct groups of investors/traders. We expect to find no sentimental herding in BIST30 as the investors are closely following the market, given their access to maximum amount of information...