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beispielsweise einem Herdenverhalten und einer Heimatverzerrung in der Asset Allokation zumindest teilweise unterliegen …
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We estimate the effects of peer benchmarking by institutional investors on asset prices. To identify trades purely due to peer benchmarking as separate from those based on fundamentals or private information, we exploit a natural experiment involving a change in a government-imposed...
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(by mitigating product uncertainty before purchase) and the herding effect (by imitating experts’ neutral sentiment after …
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invasiveness in questionnaires maximises divulgence along with reasoned disclosure reciprocity and herding-inducing conditions …
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in fact market frictions (to a certain level) and herding behavior of the market participants do not go against market …
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