2019
DOI: 10.1037/npe0000108
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Why do we herd in financial contexts?

Abstract: Herding behavior has been targeted by economists as a problem on financial markets, in particular, because herding behavior foils economic theories of rationality. Recently, neuroscientists and psychologists joined the debate: Herding phenomena are of particular interest with respect to current models of the interaction between emotion and cognition. The multidisciplinary theoretical understanding and the development of scientifically advised options of control of herding behavior on the financial market still… Show more

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Cited by 5 publications
(2 citation statements)
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“…Herding behavior is a condition in which an individual imitates the behavior or decisions of a group (Bobe & Piefke, 2019). When investors do herding behavior, they deny their beliefs and existing information (Shahar, et al, 2019).…”
Section: Introductionmentioning
confidence: 99%
“…Herding behavior is a condition in which an individual imitates the behavior or decisions of a group (Bobe & Piefke, 2019). When investors do herding behavior, they deny their beliefs and existing information (Shahar, et al, 2019).…”
Section: Introductionmentioning
confidence: 99%
“…Most investors followed broker or peers' advice who had investment experience with a higher return. Herding behavior was a condition where an individual imitated the group's behavior or decision [7]. When investors applied herding behavior, they denied their confidence and existing information [23].…”
Section: Introductionmentioning
confidence: 99%