Van Campenhout, Geert; Verhestraeten, Jan-Francies - Faculteit Economie en Bedrijfswetenschappen, … - 2010
Analysts' forecasts are often used as an information source by other investors, and therefore deviations from optimal forecasts are troublesome. Herding, which refers to imitation behavior as a consequence of individual considerations, can lead to such suboptimal forecasts and is therefore...