herding. The model's original version suffers from the problem of N-dependence: its ability to replicate the statistical …

Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet …, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In … effects, first-mover advantage, etc.) in a standard information-based herding model. Our results are based on an internet …

. Higher risk taking may be explained by a higher degree of overconfidence, less herding behavior, or a lower degree of risk … of previous studies, we find that herding is decreasing with experience while the evidence concerning risk taking and …, geringeres Herdenverhalten oder durch geringere Risikoaversion erklärt werden. Da die Ergebnisse vorheriger Studien bezüglich des …

This paper employs a new and comprehensive data set to investigate short-term herding behavior of institutional … investors. Using data of all transactions made by financial institutions in the German stock market, we show that herding … behavior occurs on a daily basis. However, in contrast to longer-term herding measures obtained from quarterly data, results …

Based on a questionnaire survey the paper distinguishes between herding asset managers who try to be good and non-herding … asset managers who try to be better than their competitors. It provides evidence for reputational herding and discusses … herding managers' working effort, preferred sources of information and investment horizon. Additionally, their risk taking …

broad institutional ownership data, we show that investors exhibit herding behavior in the sense of decarbonization. They …

Traditional models of bank runs do not allow for herding effects, because in these models withdrawal decisions are …'s portfolio, and the withdrawal histories of the other depositors. In some cases, the optimal banking contract permits herding …

We derive microscopic foundations for a well-known probabilistic herding model in the agent-based finance literature …

same public information and similar evaluation methods, and because of social learning or herding amongst peers. We analyse … problem and to quantitatively assess answers regarding the initial questions. We find strong evidence for herding in …) included in the model. Compared to counterfactual expectations without herding constructed from the estimates, herding seems to …