Baddeley, M.; Pillas, D.; Christopoulos, Y.; Schultz, W.; … - Faculty of Economics, University of Cambridge - 2007
We extend the experimental literature on Bayesian herding using evidence from a financial decision-making experiment …. We identify significant propensities to herd increasing with the degree of herd-consensus. We test various herding models … significant associations between herding and individual characteristics such as age and personality traits. Overall, our evidence …