Herding and contrarian behavior in financial markets: an Internet experiment

We report results of an Internet experiment designed to test the theory of informational cascades in financial markets (Christopher Avery and Peter Zemsky, 1998). More than 6,400 subjects, including a subsample of 267 consultants from an international consulting firm, participated in the experiment....

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Bibliographic Details
Main Authors: Drehmann, Mathias (Author) , Oechssler, Joerg (Author) , Roider, Andreas (Author)
Format: Article (Journal)
Language:English
Published: December 2005
In: American economic review
Year: 2005, Volume: 95, Issue: 5, Pages: 1403-1426
ISSN:1944-7981
DOI:10.1257/000282805775014317
Online Access:Verlag, kostenfrei, Volltext: https://doi.org/10.1257/000282805775014317
Verlag, kostenfrei, Volltext: https://www.aeaweb.org/articles?id=10.1257/000282805775014317
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Author Notes:Mathias Drehmann, Jörg Oechssler, and Andreas Roider
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Herding and contrarian behavior in financial markets: an Internet experiment by Drehmann, Mathias (Author) , Oechssler, Joerg (Author) , Roider, Andreas (Author) ,


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