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Persistent link: https://www.econbiz.de/10009714798
We analyze in this study cause of herding in a stock market. Information cascades have often been considered as a primary choice. However, we propose alternative explanations in this study. Employing intraday order book data, we suggest including an alternative theory based on search cost of...
Persistent link: https://www.econbiz.de/10014198780
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We analyze in this study what could have caused herding in the stock market. Information cascades have often been considered as a major cause. However, we present in this study evidences inconsistent with that hypothesis. Our analysis is in support of an alternative theory based on search cost...
Persistent link: https://www.econbiz.de/10008592948
Persistent link: https://www.econbiz.de/10013332479