Herding: An Interdisciplinary Integrative Review from a Socionomic Perspective
10 Pages Posted: 25 Feb 2012
Date Written: 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.
Keywords: Herding, Socionomics, Social Mood
JEL Classification: D81, G10
Suggested Citation: Suggested Citation