on the cross sectional dispersion of trading volume to examine the herding behavior on Toronto stock exchange. Our … findings show that the herd phenomenon consists of three essential components: stationary herding which signals the existence … of the phenomenon whatever the market conditions, intentional herding relative to the anticipations of the investors …

Recent price trends in housing markets may reflect herding of market participants. A natural question is whether such … herding, to the extent that it occurred, reflects herding in forecasts of professional forecasters. Using survey data for … Canada, Japan, and the United States, we did not find evidence of forecaster herding. On the contrary, forecasters anti …