The 'herd effect' or 'herd instinct' is a behavioral finance concept where an individual imitates the behavior or actions of a larger group due to social pressure and the belief that the majority cannot be wrong.

Authors

• Person: Not available Organization: EDC Paris Business School
  Behavioral finance: the impact of cognitive biases | EDC Paris ...

Sources

• Behavioral finance: the impact of cognitive biases | EDC Paris ... www.edcparis.edu EDC Paris Business School via serper

Referenced by nodes (1)

• behavioral finance concept