Caglayan, Mustafa; Talavera, Oleksandr; Zhang, Wei - 2019
establish evidence of herding behaviour: the investors in our sample tend to prefer assets that had attracted strong interest in … previous periods. The herding behaviour relates to both the experience of the investor and the length of time of each … investment session. The results show that herding happens mostly in the first or final hour of long sessions. Herding behaviour …
