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We introduce a new measure of herding that allows for tracking dynamics of individual herding. Using a database of over 8 million trades by 87,373 retail investors between 1999 and 2006, we show in an original way that individual herding is persistent over time and that past performance and the...
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In 1997, France Telecom, the state-owned French telephone company, went through a partial privatization. We adapt a …
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