The purpose of this review paper is to present the application herding behavior in online buying. simplest description imitation others making decisions. Online buying platforms have facilitated observing others' behavior, thereby increasing possibilities social influence on our information search, evaluation, and concept multi-disciplinary; however, literature mainly grounded economics finance...

Byoung-Tak Zhang Dept. of Computer Engineering Seoul National University Seoul 151-7 42, Korea [email protected] We study the evolution of herding behavior of multiple autonomous mobile robotic agents. Agents are cloned to form a homogeneous team. Cooperation strategies for a team of the robots are represented in a neural network. An evolutionary algorithm is used to evolve the neural netw...

in this study, trading patterns and constituents of trading performances of individual and institutional investors have been investigated in a weekly manner, using an auto regressive model and a grinblatt & titman portfolio performance measure spanning 2008-2012. the results show that while individual investors have a herding behavior, institutional investors take contrarian trading strategies....

We characterize optimal strategies in a simple herding model where observations have a small cost. We assume that there are two states and two possible signals that each agent may get. The prior distribution is biased towards adopting behavior. That is, ex-ante, adopting gives a higher expected utility than not adopting. Contrary to Kultti & Miettinen (2005) herding does not arise deterministic...

This paper introduces assets for which the intrinsic value is endogenous to the amount of funding attracted. A Rational Expectations Equilibrium is developed. Additionally, simulations of the model based on bounded rationality explore the different market behavior under fundamental and momentum based investing strategies. Both strategies produce herding characteristics. The herding under the fu...

BACKGROUND China has become the world's second largest healthcare market based on a recent report by the World Health Organization. Eventhough China achieved universal health insurance coverage in 2011, representing the largest expansion of insurance coverage in human history achieved; health inequality remains endemic in China. Lessons from the effect of market crisis on health equity in Europ...

<p>Behavioral investing seeks to understand and exploit psychological biases in financial decision-making. It is based on the idea that investors are often influenced by factors such as emotions, heuristics, social norms, which can lead systematic errors judgment. These cause make irrational or suboptimal decisions, have negative consequences for their well-being. Behavioral aim identify ...

Online shopping often requires consumers to choose among multiple products without detailed information about the quality. Herding is common in such situations which require consumers to infer product quality from other consumers’ choices and incorporate that information into their own decision-making process. The Internet affects the herding phenomenon in two ways. On the one hand, it provides...