Herding and Contrarian Behavior in Financial Markets: An Internet Experiment

By Mathias Drehmann, Jörg Oechssler, Andreas Roider. 2005

263 citations recorded by the source corpus.

Subfields: Finance, Management Science and Operations Research, Safety Research

View Paper: https://www.semanticscholar.org/paper/0417bd72280611509e1531a8200093115963ee95

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Finance

1. Željko Šević
2. Dimitrios Kourtidis
3. Prodromos D. Chatzoglou

In Management Science and Operations Research

1. Heshan Sun

In Safety Research

1. Heshan Sun

Citations in the corpus

• Investors’ trading activity: A behavioural perspective and empirical results (2011, background): “Whereas some studies confirm the existence of herding in financial markets (Guedj and Bouchaud, 2005), others do not (Drehmann et al., 2005).”
• Impact of herding behavior and overconfidence bias on investors’ decision-making in Pakistan (2019, unknown): “Drehmann et al. (2004) studied the impact of herding and contrarian behavior in financial market using internet experiment design.”
• A Longitudinal Study of Herd Behavior in the Adoption and Continued Use of Technology (2013, background): “Drehmann et al. 2005 Financial investing An informational cascade is said to occur when it becomes rational to ignore one’s own private information and instead follow the predecessors’ decisions (p. 1404). Consistent with Avery and Zemsky (1998), this study does not find herd behavior in financial m”