Boortz, Christopher; Jurkatis, Simon; Kremer, Stephanie; … - 2013
Due to data limitations and the absence of testable, model-based predictions, theory and evidence on herd behavior are … use numerical simulations of a herd model to derive new, theory-based predictions for aggregate herding intensity. From an … empirical perspective, we employ high-frequency, investor-specific trading data to test the theory-implied impact of information …