concept

herding

Facts (13)

Sources

Examining Behavioural Aspects of Financial Decision Making - OUCI ouci.dntb.gov.ua C. Gautam, R. Wadhwa, T. V. Raman · Financial University under the Government of the Russian Federation 3 facts

referenceThe study by H. Srivastava, S. Moid, and N. J. Rushdi, published in 'Finance: Theory and Practice' (2024, № 4, p. 33-45), investigates the impact of anchoring, herding, and loss aversion on the investment decision-making of 196 working women investors in the Indian Stock Market (Uttar Pradesh, India).

claimIn a study published in Finance: Theory and Practice (2025), researchers H. L. Do, T.M. P. Vu, V. G. Nguyen, N. M. Vu, D. T. Nguyen, and T. V. Tran concluded that anchoring has the most influence on the investment decisions of working women investors, followed by herding, while loss aversion has the least influence.

measurementThe study by H. Srivastava et al. (2024) confirmed that anchoring, herding, and loss aversion bias have a significant positive impact on the investment decision-making of working women investors in the Indian Stock Market.

Biases in Behavioral Finance - World Scholars Review worldscholarsreview.org Daria Azhyshcheva, Vi Dinh, Aanya Gothal, Abhinav Sisodiya · World Scholars Review Sep 15, 2024 2 facts

referenceSoraya, R., Risman, A., & Siswanti, I. (2023) published 'The Role of Risk Tolerance in Mediating the Effect of Overconfidence Bias, Representativeness Bias and Herding on Investment Decisions' in the Journal of Economics, Finance and Management Studies, 6(7).

claimSoraya et al. (2023) found that representativeness bias and herding have a significant impact on investors' decision-making processes when analyzed through the lens of risk tolerance.

The Impact of Cognitive Biases on Professionals' Decision-Making frontiersin.org Frontiers in Psychology 2 facts

referenceMark Grinblatt, Sheridan Titman, and Russ Wermers published 'Momentum investment strategies, portfolio performance, and herding: A study of mutual fund behavior' in the American Economic Review in 1995.

claimHerding is a cognitive bias where investors blindly follow the actions of other investors, as noted by Grinblatt et al. (1995).

The Psychological Drivers of Financial Decision-Making - ijsrm ijsrm.net International Journal of Scientific and Research Publications 2 facts

referenceMichelle Baddeley (2010) analyzed herding, social influence, and economic decision-making through socio-psychological and neuroscientific lenses.

referenceBaddeley, M. (2010) analyzed herding, social influence, and economic decision-making through socio-psychological and neuroscientific lenses.

The Influence of Behavioral Biases on Investment Decisions jmsr-online.com Journal of Management and Strategy Research Jul 8, 2025 2 facts

claimIn social investing ecosystems such as Reddit, YouTube, and online trading platforms, the selective sharing of success and concealment of losses influences collective sentiment and reinforces cognitive biases like confirmation bias, overconfidence, and herding.

claimExisting behavioral finance research often isolates specific biases like overconfidence, loss aversion, or herding, failing to account for how these cognitive and emotional distortions operate simultaneously in real-world investment scenarios.

Behavioral Finance: The Psychology Behind Financial Decisions - Ava meetava.com Ava Aug 8, 2024 1 fact

claimHerd mentality, or herding, is the human inclination to mimic the actions of a larger group, which can cause investors to pile into popular investment trends or asset bubbles instead of making decisions based on independent analysis, thereby contributing to market inefficiencies and increased volatility.

Analysing the behavioural, psychological, and demographic ... - OUCI ouci.dntb.gov.ua Parul Kumar, Md Aminul Islam, Rekha Pillai, Taimur Sharif · Elsevier BV 1 fact

claimBehavioral biases such as loss aversion, overconfidence, and herding have significant implications for financial risk management.