Search Results - subject:"herd"

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

Herd Effects or Migration Networks? The Location Choice of Mexican Immigrants in the U.S.

Bauer, Thomas; Epstein, Gil; Gang, Ira N. - Institute for the Study of Labor (IZA) - 2002

Persistent link: https://www.econbiz.de/10005761708

Risk aversion and herd behavior in financial markets

LOVO, Stefano; DECAMPS, Jean-Paul - HEC Paris (École des Hautes Études Commerciales) - 2002

We show that differences in investors risk aversion can generate herd behavior in stock markets where assets are traded …

Persistent link: https://www.econbiz.de/10005011659

Herding and Contrarian Behavior in Financial Markets - An Internet Experiment

Drehmann, Mathias; Oechssler, Joerg; Roider, Andreas - EconWPA - 2002

We report results of an internet experiment designed to test the theory of informational cascades in financial markets. More than 6000 subjects, including a subsample of 267 consultants from an international consulting firm, participated in the experiment. As predicted by theory, we find that...

Persistent link: https://www.econbiz.de/10005062726

A minimal noise trader model with realistic time series

Alfarano, Simone; Lux, Thomas - Society for Computational Economics - SCE - 2002

Persistent link: https://www.econbiz.de/10005170591

Informational Cascades and Decision to Migrate

Epstein, Gil S - C.E.P.R. Discussion Papers - 2002

locations also tend to choose the same foreign locations. Thus informational cascades generates herd behaviour. Herd behaviour … herd behaviour is observed when local populations are xenophobic. …

Persistent link: https://www.econbiz.de/10005504318

Herding and Contrarian Behavior in Financial Markets - An Internet Experiment

Drehmann, Mathias; Oechssler, Joerg; Roider, Andreas - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005413109