We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 …

-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in … actions that contradict their high quality signals they herd more extensively than predicted by Bayes-rational herding …-Bayesian updating and informational misinferences are the two channels that drive excessive herding, while the strong (resp. mild …

withdrew money one month prior to the events. Thedegree of herding among funds is statistically significant, but moderate.Herding …

acting on them. We implement the first experiment that is able to address a potential causal relationship between self …

The paper employs a dynamic market-wide herding behavior measure of 117,166 lending-based campaigns in 119 online … show that herding behavior plays an important signaling role in reducing opportunity costs if the auction does not receive … enough monetary bids. Additionally, our threshold models identify significant herding behavior after funding goals are raised …

experiment to measure changes of human trading behavior if these humans expect algorithmic traders. To disentangle the direct …