Pierdzioch, Christian; Stadtmann, Georg; Schäfer, Dirk - In: Kredit und Kapital 44 (2011) 4, pp. 465-490
Fly with the Eagles or Scratch with the Chickens? – Herd Behavior of Exchange Rate Forecasters We analyze whether exchange-rate forecasters herd. To this end, we lay out two widely studied theoretical models of forecaster herding. The models illustrate why forecasters may herd. We then...