Herding with leading traders: Evidence from a laboratory social trading platform
(2022)
Journal Article
Chmura, T., Le, H., & Nguyen, K. (2022). Herding with leading traders: Evidence from a laboratory social trading platform. Journal of Economic Behavior and Organization, 203, 93-106. https://doi.org/10.1016/j.jebo.2022.08.035
We provide novel evidence about herd behavior and its impact on asset price bubbles in an experimental financial market. We find that traders imitate quotes of those with the highest wealth increases as ranked on the leader-boards, despite that no tr... Read More about Herding with leading traders: Evidence from a laboratory social trading platform.