Although social mood can motivate herding towards new industries, the extent to which regulators cater may affect that herding. We explore this issue in context of nascent cannabis industry by examining among stocks listed US and Canada, where regulatory treatment varies its congruence with prevailing on cannabis’ legalization. Canadian-listed entail strong across all market states sectors, alo...

This paper employs a dynamic herding approach that takes under different market regimes into account. We use daily data on US stock returns for the S&P 500 ranging from 2006 to 2017. The results of linear model yield no evidence herding. However, findings switching regression Bai and Perron (1998) demonstrate during crisis 500. alternative Markov also supports these findings.

The phenomenon of herding is a very general feature of the collective behavior of many species in panic conditions, including humans. It has been predicted theoretically that panic-induced herding in individuals confined to a room can produce a nonsymmetrical use of two identical exit doors. Here we demonstrate the existence of that phenomenon in experiments, using ants as a model of pedestrian...

In this paper, we analyze the complexity of the construction of the 2-diamond structure proposed by Kelsey and Kohno [9]. We point out a flaw in their analysis and show that their construction may not produce the desired diamond structure. We then give a more rigorous and detailed complexity analysis of the construction of a diamond structure. For this, we appeal to random graph theory, which a...

We investigate the volatility return intervals in the NYSE and FOREX markets. We explain previous empirical findings using a model based on the interacting agent hypothesis instead of the widely-used efficient market hypothesis. We derive macroscopic equations based on the microscopic herding interactions of agents and find that they are able to reproduce various stylized facts of different mar...

This study investigated the current management practices associated with stock herding dogs on Australian farms. A parallel goal was to determine whether these practices and the characteristics of the dog handlers were associated with success rates. Success rate refers to the proportion of dogs acquired by the farmer that were retained as working dogs. Data on a total of 4,027 dogs were obtaine...

We study the behavior of strategic customers in an open-routing service network with multiple stations. When a customer enters the network, she is free to choose the sequence of stations that she visits, with the objective of minimizing her expected total system time. We propose a two-station game with all customers present at the start of service and deterministic service times, and we find th...

This paper lists the recent developments in the FDS+Evac evacuation model. FDS+Evac is an agent based emergency egress simulation model which is embedded in the fire simulation program FDS, thus, enabling simultaneous simulation of the fire and egress processes. The main new feature of the evacuation module is better treatment of different behavioral types of the evacuees using herding type alg...