2014-05-20Diskussionspapier
Information Risk, MarketStress and InstitutionalHerding in FinancialMarkets
Boortz, Christopher; Kremer, Stephanie; Jurkatis, Simon; Nautz, Dieter
This 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 ...