Herd Behavior in FDA Committees: A Structural Approach
نویسندگان
چکیده
منابع مشابه
Estimating Herd Behavior in Financial Markets: A Structural Approach
We estimate a structural model of herd behavior in nancial markets. A sequence of traders exchanges an asset with a market maker. Trade occurs over many days. Herd behavior can arise despite the fact that the price is e¢ ciently set by the market maker. The price is updated too slowly by the market maker and there are periods in which traders choose the same action independently of their priva...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3208645