Bogdan, Siniša; Suštar, Natali; Olgić Draženović, … - In: Journal of risk and financial management : JRFM 15 (2022) 9, pp. 1-12
The behavior of market participants often does not rely on market signals, but replicates the investment decisions of other parties. The convergence of their investment behavior leads to the emergence of herd behavior with negative implications for financial stability. Moreover, this phenomenon...
