Herd Behavior in Financial Markets : An Experiment with Financial Market Professionals

An Experiment with Financial Market Professionals

Herd Behavior in Financial Markets : An Experiment with Financial Market Professionals
We study herd behavior in a laboratory financial market with financial market professionals. We compare two treatments, one in which the price adjusts to the order flow so that herding should never occur, and one in which event uncertainty makes herding possible. In the first treatment, subjects herd seldom, in accordance with both the theory... READ MORE...

Publication date: June 2008
ISBN 9781451869996
$18.00

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