consistent with information-based herding explanations …

consistent with information-based herding explanations …

and ex post-perspective and identify systemic risks from neoclassical negligence of informational herding …

parties to engage in herding or cascading, and the incentives for parties to guard against or take advantage of herding or …

We highlight herding of investors as one major risk factor that is typically ignored in statistical approaches to … portfolio modelling and risk management. Our survey focuses on smart-beta investing where such methods and investor herding seem … modelling herding risk which merit empirical analysis. This financial economists' perspective supplements the vast statistical …