Purpose–The purpose of this paper is to systematically review the literature published in
past 33 years on behavioural biases in investment decision-making. The paper highlights …

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

This study derives its motivation from the current global pandemic, COVID-19, to evaluate
the relevance of health-news trends in the predictability of stock returns. We demonstrate …

We examine whether professional money managers overreact to large climatic disasters.
We find that managers within a major disaster region underweight disaster zone stocks to a …

Purpose Research in the area of behavioral finance has demonstrated that investors exhibit
irrational behavior while making investment decisions. Investor behavior usually deviates …

We develop an asset pricing model with flexible heterogeneity in asset demand across
investors, designed to match institutional and household holdings. A portfolio choice model …

Purpose This paper aims to investigate the relationship between investors' demographic
characteristics (age, gender, education level and experience) and their investment decisions …

This paper examines the extent to which herding and feedback trading behaviors drive price
dynamics across nine major cryptocurrencies. Using sample price data from bitcoin …

We test and confirm the hypothesis that individual investors are net buyers of attention-
grabbing stocks, eg, stocks in the news, stocks experiencing high abnormal trading volume …

This paper examines herding behavior in global markets. By applying daily data for 18
countries from May 25, 1988, through April 24, 2009, we find evidence of herding in …