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Browsing by Author "Boortz, Christopher"
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2013-08-07DiskussionspapierHerding in financial markets Boortz, Christopher; Jurkatis, Simon; Kremer, Stephanie; Nautz, DieterDue to data limitations and the absence of testable, model-based predictions, theory and evidence on herd behavior are only loosely connected. This paper attempts to close this gap in the herding literature. From a theoretical ...
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2014-05-20DiskussionspapierInformation Risk, MarketStress and InstitutionalHerding in FinancialMarkets Boortz, Christopher; Kremer, Stephanie; Jurkatis, Simon; Nautz, DieterThis paper employs numerical simulations of the Park and Sabourian (2011) herd model to derive new theory-based predictions for how information risk and market stress influence aggregate herding intensity. We test these ...
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2016-03-21DiskussionspapierIrrational Exuberance and Herding in Financial Markets Boortz, ChristopherIn the context of a two-state, two-trader financial market herd model introduced by Avery and Zemsky (1998) we investigate how informational ambiguity in conjunction with waves of optimism and pessimism affect investor ...