predicted by theory, we find that the presence of a flexible market price prevents herding. However, the presence of contrarian …

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 …

Anlageverhalten der Fondsmanager in den Vereinigten Staaten, in Deutschland sowie in der Schweiz mittels einer schriftlichen Befragung … Erkenntnisse über das Anlageverhalten von Fondsmanagern. Es zeigt sich, dass sie die Effizienz der Finanzmärkte dahingehend in … Frage stellen, dass sie nicht nur verzerrtes Anlageverhalten am Markt wahrnehmen, sondern auch selbst Phänomenen wie …

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 …