observational learning perspective to understand the adoption of information technology. Based on theory and previous literature, we …

We investigate whether two heuristics, the peak-end rule and herding, lead to cognitive biases in the index of consumer … herding consists in a too strong relationship from expectations about the future of respondents interviewed in a first round …

This study explores the nexus between investors’ sentiments and herding behavior toward the market consensus in the U ….S. and Europe stock markets from January, 2005 to April, 2021. We document strong evidence of herding during periods … characterized by high level of sentiments. Our results reveal that Thomson Reuters MarketPsych Indices positively impact herding and …

. Most herding models are not able to explain such stability, instead predicting informational cascades to be fragile and … accumulation of consumption capital into a herding model. Further, the model is tested empirically by analyzing measures of … accumulate consumption capital for a particular style or artist and that this mechanism tends to make herding in arts stable over …