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Herd Behavior in Financial Markets.

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 her...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Cipriani, Marco
Otros Autores: Guarino, Antonio
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2008.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo