Herding: An Interdisciplinary Integrative Review from a Socionomic Perspective

10 Pages Posted: 25 Feb 2012  

Wayne D. Parker

Emory University School of Medicine; Socionomics Foundation

Robert R. Prechter Jr.

Socionomics Institute

Date Written: August 5, 2005

Abstract

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

Parker, Wayne D. and Prechter, Robert R., Herding: An Interdisciplinary Integrative Review from a Socionomic Perspective (August 5, 2005). Available at SSRN: https://ssrn.com/abstract=2009898 or http://dx.doi.org/10.2139/ssrn.2009898

Wayne D. Parker

Emory University School of Medicine ( email )

201 Dowman Drive
Atlanta, GA 30322
United States

Socionomics Foundation ( email )

200 Main Street, Suite 300
Gainesville, GA 30501
United States

Robert R. Prechter Jr. (Contact Author)

Socionomics Institute ( email )

PO Box 1618
Gainesville, GA 30503
United States

HOME PAGE: http://www.socionomics.net/

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