Herding behavior is an important part of behavioral finance study. In this paper, I focus on the literature reviews of herding behavior along the timeline and explore how it affects our lives. Herding is a double-edged sword with various impacts. I conclude three possible explanations for ...
An analysis of behavioral biases in investment decision-making Int. J. Financ. Res., 10 (4) (2019), pp. 55-67 CrossrefView in ScopusGoogle Scholar [46] J.V. Rizzi Behavioral bias of the financial crisis J. Appl. Finance, 18 (2) (2008), pp. 1-13 Google Scholar [47] M. Baddel...
Abstract This study examines the existence of herding effects in the \\{US\\} \\{REIT\\} market, constructing a survivorship-bias-free dataset of daily ret... BA Kostakis - 《International Review of Financial Analysis》 被引量: 81发表: 2013年 An Empirical Investigation of Herding Behavior ...
Behavioral Finance and how its Behavioral Biases Affect German Investors However, women are more likely than males to fall victim to the herding bias. Overall findings show that individual investors are prone to psychological ... B Schulz - 《Economic Studies & Analyses》 被引量: 0发表: 2023年...
Herd behavior by investors in capital markets is a behavioral bias that can cause undesirable effects on the performance and efficiency of markets. Many methods and models are provided by researchers and scholars to measure the herd beha... S Mohamadi,R Raeei,H Ghalibaf,... - 《Ui Journals...
Abstract This study examines the existence of herding effects in the \\{US\\} \\{REIT\\} market, constructing a survivorship-bias-free dataset of daily ret... BA Kostakis - 《International Review of Financial Analysis》 被引量: 81发表: 2013年 Unconscious Herding Behavior as the Psychological...
The cross-sectional dispersion of returns is used to measure the level of herding in the markets of Spain and Portugal, using a survivorship-bias-free dataset of daily stock returns during the period January 2000–May 2021, in turn divided into several sub-periods classified as pre-2008 crisis...
Kang J, Stulz R (1997) Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan. J Financ Econ 46:3–28CrossRef Kim KM, Nofsinger JR (2005) Institutional herding, business groups, and economic regimes: evidence from Japan. J Bus 78(1):213–242CrossRef Lak...
The purpose of this study is to investigate the impact of a sudden shock from the COVID-19 epidemic on the behavioral bias of investors in the stock market of Iran as a developing country. The study also examines whether the government response to the COVID-19 pandemic can reduce investor ...
, conformity – Hirshleifer (2001), home bias – Feng and Seasholes (2004), availability bias – Kuran and Sunstein (1999), can contribute to herding tendencies. Herding behavior was first mentioned in Keynes (1936)'s theory, where he described it by resorting to the metaphors of Beauty ...