Search Results - subject:"Herd"

KIRMAN, ALAN - In: Advances in Complex Systems (ACS) 07 (2004) 02, pp. 139-155

, herd behavior, the transmission of information and the organization of trade are better modeled in the sort of framework …

Persistent link: https://www.econbiz.de/10005050842

Herd behaviors in the stock and foreign exchange markets

Kim, Kyungsik; Yoon, Seong-Min; Kim, Yup - In: Physica A: Statistical Mechanics and its Applications 341 (2004) C, pp. 526-532

The herd behavior of returns for the won–dollar exchange rate and the Korean stock price index (KOSPI) is analyzed in …

Persistent link: https://www.econbiz.de/10011062490

Informational Cascades Elicit Private Information

Gossner, Olivier; Melissas, Nicolas - EconWPA - 2004

We introduce cheap talk in a dynamic investment model with information externalities. We first show how social learning adversely affects the credibility of cheap talk messages. Next, we show how an informational cascade makes thruthtelling incentive compatible. A separating equilibrium only...

Persistent link: https://www.econbiz.de/10005118611

Teoria dei Processi Imitativi e Applicazioni Economiche

Arnone, Marco - EconWPA - 2004

This paper provides a survey of recent theories of herding behaviour, bridging two rather distants strands of literature (roughly, American and European). In the first part of the paper the explanation is based on the idea of asymmetric information and principal-agent approach; these could lead...

Persistent link: https://www.econbiz.de/10005119477

Herd behavior, bubbles, and crashes

Lux, Thomas - 1993

Persistent link: https://www.econbiz.de/10000418186

Social learning with private and common values

Goeree, Jacob; Palfrey, Thomas; Rogers, Brian - California Institute of Technology, Division of the … - 2003

We consider an environment where individuals sequentially choose among several actions. The payoff to an individual depends on her action choice, the state of the world, and an idiosyncratic, privately observed preference shock. Under weak conditions, as the number of individuals increases, the...

Persistent link: https://www.econbiz.de/10005654667

On bubbling dynamics generated by a stochastic model of herd behavior

Zaninotto, Enrico; Kaniovski, Yuri M.; Gaio, Loris - In: Journal of Evolutionary Economics 12 (2002) 5, pp. 525-538

This paper suggests a class of stochastic collective learning processes exhibiting very irregular behavior. In particular, there are multimodal long run distributions. Some of these modes may vanish as the population size increases. This may be thought of as "bubbles" persistent for a finite...

Persistent link: https://www.econbiz.de/10005396112

Large-trader impact and market regulation

Gastineau, Gary L. - In: Financial analysts' journal : FAJ 47 (1991) 4, pp. 40-51

Persistent link: https://www.econbiz.de/10001111205

Financial Market in the Laboratory

Morone, Andrea - Society for Computational Economics - SCE - 2002

Persistent link: https://www.econbiz.de/10005345439

Herd Effects or Migration Networks? The Location Choice of Mexican Immigrants in the US

Bauer, Thomas; Epstein, Gil S; Gang, Ira - C.E.P.R. Discussion Papers - 2002

interaction of two alternative explanations of immigrant clustering: (1) network externalities and (2) herd behavior. We advance … the theory by presenting a framework encompassing both network and herd effects, and by delineating various types of … network and herd effects in our empirical work. In order to distinguish between herd and network externalities, we use the …

Persistent link: https://www.econbiz.de/10005662355