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 her...
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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2008/141 |
| Online pristup: | Full text available on IMF |