So far, there has been no conclusion on the mechanism for herding, which is often discussed in the academia. Assuming escaping behavior of individuals in emergency is rational rather than out of panic according to recent findings in social psychology, we investigate the behavioral evolution of large crowds from the perspective of evolutionary game theory. Specifically, evolution of the whole po...

Article history: Received 13 December 2013 Received in revised form 26 February 2015 Accepted 2 March 2015 Available online 21 April 2015 When an agent has the opportunity to access public information, whether or not to acquire costly private information is a strategic decision. In this case, to study the informativeness of the revealed information, it is essential to consider the processes of ...

The aim of this study is to analyze herding behavior in the Indonesian capital market as an emerging which has experienced high JCI volatility throughout 2020. analysis takes place three periods: (a) 2020 period with 242 observation dates (233 after outliers were removed), (b) ) bearish (down) conditions 59 (51 and (c) bullish (rising) 183 dates. sample consisted 36 companies taken from members...

The purpose of this study was to examine the influence demographic factors such as gender, age, education, occupation, income, and investment experience on investor behavior bias overconfidence bias, disposition effects, herding mental accounting. This type research causal with a quantitative approach, analytical method used analysis SEM (structural equation modeling). conducted by distributing...