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Herd Behavior in Financial Markets

Abstract

This paper provides an overview of the recent theoretical and empirical research on herd behavior in financial markets. It looks at what precisely is meant by herding, the causes of herd behavior, the success of existing studies in identifying the phenomenon, and the effect that herding has on financial markets.

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Bikhchandani, S., Sharma, S. Herd Behavior in Financial Markets. IMF Econ Rev 47, 279–310 (2000). https://doi.org/10.2307/3867650

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  • DOI: https://doi.org/10.2307/3867650

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