This study discusses the implications of the recursive or self-reflexive effects of economic theories on bounded rational behaviour and interaction. It focuses on the mechanisms through which bounded rational actors perceive the self-referential nature of economic theories and might absorb their...

This paper evaluates the existence of herding behavior and its drivers in the Australian equity market by considering the impacts of the COVID-19 crisis. Utilizing an updated dataset from 2009 to 2021, we confirm that herding propensity is more pronounced at the beginning of the crisis due to a...