Measuring herd behavior: properties and pitfalls
Abstract: Herd behavior is an important economic phenomenon, especially in the context of the recent financial crises. Prior studies propose several measures to quantify herd behavior. In this paper, we show that these measures reflect different perspectives on this behavior, and hence, their interpretation requires great care. Taking a critical attitude toward existing herd behavior measures, we study their properties and pitfalls in detail.
- Location
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Deutsche Nationalbibliothek Frankfurt am Main
- Extent
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Online-Ressource
- Language
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Englisch
- Bibliographic citation
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Measuring herd behavior: properties and pitfalls ; volume:5 ; number:1 ; year:2017 ; pages:316-329 ; extent:14
Dependence modeling ; 5, Heft 1 (2017), 316-329 (gesamt 14)
- Creator
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Lee, Woojoo
Ahn, Jae Youn
- DOI
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10.1515/demo-2017-0019
- URN
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urn:nbn:de:101:1-2411181544296.133436613731
- Rights
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Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Last update
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15.08.2025, 7:38 AM CEST
Data provider
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Associated
- Lee, Woojoo
- Ahn, Jae Youn
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