We review theory and evidence relating to herd behaviour, payoff and reputational
interactions, social learning, and informational cascades in capital markets. We offer a …

Purpose–The purpose of this paper is to provide a review of theory and empirical evidence
on herding behavior in financial markets. Design/methodology/approach–Review and …

За одно только последнее десятилетие человечество пережило ряд тяжелейших
катастроф, потрясений и катаклизмов, не укладывающихся в рамки самых …

The most influential book of the past seventy-five years: a groundbreaking exploration of
everything we know about what we don't know, now with a new section called “On …

Using both a linear regression method and a probability-based method, we find that on
average, analysts place larger than efficient weights on (ie, they overweight) their private …

Page 1 Nassim Nicholas Taleb Il Cigno nero Come l'improbabile governa la nostra vita
ilSaggiatore S Tascabili Page 2 Page 3 Tascabili 77 Saggi Page 4 Page 5 Nassim Nicholas …

Publisher Summary Observers have long wondered whether sudden large shifts in prices,
actions, and resource allocation in capital markets are caused by social contagion. Such …

We show that the personal traits of analysts, as revealed by their political donations,
influence their forecasting behavior and stock prices. Analysts who contribute primarily to the …

Prior research concludes that financial analysts do not process public information efficiently
in generating their earnings forecasts. The ordinary least squares (OLS) regression-based …

This study examines whether aggregate uncertainty affects the herding tendency among
analysts. The results show that, in addition to market risk and firm-level uncertainty, analysts' …