Objective: To analyze the effect of overconfidence and herding on stock investment decision-making with risk perception as a mediating variable financial literacy moderating variable.Methodology: The survey was launched replied by 99 investors. data is analyzed using Structural Equation Modeling software Smartpls 3.0.Findings: results show that had positive significant decisions. Overconfidence...

This study constructs a panel threshold regression model to explore the price impact of foreign institutional herding of firms listed in the Taiwan Stock Exchange during January 2000 to June 2008. Our panel threshold model is constructed to explore the price impact of foreign institutional investors’ herding in the Taiwan stock market after controlling the firm size. By examining the presence o...

The mechanisms that link herding regions to cultures of honor have never been empirically tested. The objective of the present article is to show the important role that issues of status play in linking herding regions to cultures of honor using the theory of low-status compensation (P. J. Henry, 2008b) Four studies are presented. Study 1 replicates the finding that counties in the American Sou...

Online product ratings are widely available on the Internet and are known to influence prospective buyers. An emerging literature has started to look at how ratings are generated and in particular how they are influenced by prior ratings. We study the social influence of prior ratings and, in particular, investigate any differential impact of prior ratings by strangers (“crowd”) versus friends....

We are looking for the agent-based treatment of the financial markets considering necessity to build bridges between microscopic, agent based, and macroscopic, phenomenological modeling. The acknowledgment that agent-based modeling framework, which may provide qualitative and quantitative understanding of the financial markets, is very ambiguous emphasizes the exceptional value of well defined ...

Abstract This study investigates the herding behavior in cryptocurrency market during period of Russia and Ukraine conflict using intraday price data five largest cryptocurrencies terms capitalization. The empirical results indicate an anti-herding whole conflict, especially after officially happens. research contributes to growing literature on by examining Russia–Ukraine period.

Conversation, Learning and Informational Cascades We offer a model to explain why groups of people sometimes converge upon poor decisions and are prone to fads, even though they can discuss the outcomes of their choices. Models of informational herding or cascades have examined how rational individuals learn by observing predecessors’ actions, and show that when individuals stop using their own...

During the rut, female ungulates move among harems or territories, either to sample mates or to avoid harassment. Females may be herded by a male, may stay with a preferred male, or aggregate near a dominant male to avoid harassment from other males. In fission-fusion group dynamics, female movement is best described by the group's fission probability, instead of inter-harem movement. In this s...

The purpose of this study was to examine the influence demographic factors such as gender, age, education, occupation, income, and investment experience on investor behavior bias overconfidence bias, disposition effects, herding mental accounting. This type research causal with a quantitative approach, analytical method used analysis SEM (structural equation modeling). conducted by distributing...