Analyzing the Analyst. Heuristics and Biases, Group Decision-Making and Rational Herding in Forecasting Experiments... …

that analyst herding behaviour in response to poor bilateral political relations can lead to less accurate earnings …

that analyst herding behaviour in response to poor bilateral political relations can lead to less accurate earnings …

We document that institutional herding behavior is associated with analyst target price revisions even after … institutional herding. Institutional investors tend to buy the same stocks following an upward target price revision and sell the … pronounced for herding among investment firms …

expectations and herding literatures. Vives emphasizes the consequences of market interaction and social learning for informational …--informational efficiency and herding--and uses a coherent game-theoretic framework to bring together the latest results from the rational … theories like informational efficiency and herding build on the same principles of Bayesian decision making and that …