Herding: An Interdisciplinary Integrative Review from a Socionomic Perspective
Wayne D. Parker
Emory University School of Medicine; Socionomics Foundation
Robert R. Prechter Jr.
August 5, 2005
Herding is one of the most important concepts in cognitive economics, especially as applied to financial markets. This paper presents an interdisciplinary integrative literature review of the herding concept, discusses the salient differences between different ways of conceptualizing herding, and argues for the advantages of the socionomic perspective on herding, a new theory that sees herding as a process having evolutionary, prerational and predictable aspects.
Number of Pages in PDF File: 10
Keywords: Herding, Socionomics, Social Mood
JEL Classification: D81, G10working papers series
Date posted: February 25, 2012
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