Herd Behavior in Financial Markets: An Experiment with Financial Market Professionals
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| 100 | 1 | |a Cipriani, Marco |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Herd Behavior in Financial Markets |b An Experiment with Financial Market Professionals |c Cipriani, Marco |
| 264 | 1 | |a Washington, D.C |b International Monetary Fund |c 2008 | |
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| 520 | 3 | |a 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 and previous experimental evidence on student subjects. A proportion of subjects, however, engage in contrarianism, something not accounted for by the theory. In the second treatment, the proportion of herding decisions increases, but not as much as theory suggests; moreover, contrarianism disappears altogether | |
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Datensatz im Suchindex
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| author | Cipriani, Marco |
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| id | DE-604.BV048348857 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:16Z |
| institution | BVB |
| isbn | 1451869991 9781451869996 |
| language | English |
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| oclc_num | 252901774 |
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| physical | 1 Online-Ressource (28 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers |
| spellingShingle | Cipriani, Marco Herd Behavior in Financial Markets An Experiment with Financial Market Professionals Capitalists and financiers Psychology Econometric models Collective behavior Econometric models Investments Decision making Econometric models |
| title | Herd Behavior in Financial Markets An Experiment with Financial Market Professionals |
| title_auth | Herd Behavior in Financial Markets An Experiment with Financial Market Professionals |
| title_exact_search | Herd Behavior in Financial Markets An Experiment with Financial Market Professionals |
| title_full | Herd Behavior in Financial Markets An Experiment with Financial Market Professionals Cipriani, Marco |
| title_fullStr | Herd Behavior in Financial Markets An Experiment with Financial Market Professionals Cipriani, Marco |
| title_full_unstemmed | Herd Behavior in Financial Markets An Experiment with Financial Market Professionals Cipriani, Marco |
| title_short | Herd Behavior in Financial Markets |
| title_sort | herd behavior in financial markets an experiment with financial market professionals |
| title_sub | An Experiment with Financial Market Professionals |
| topic | Capitalists and financiers Psychology Econometric models Collective behavior Econometric models Investments Decision making Econometric models |
| topic_facet | Capitalists and financiers Psychology Econometric models Collective behavior Econometric models Investments Decision making Econometric models |
| url | http://elibrary.imf.org/view/IMF001/09307-9781451869996/09307-9781451869996/09307-9781451869996.xml |
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