Informational Cascades in Financial Economics: A Review
Giornale degli Economisti, 2009, vol. 68, issue 1, 81-109
The paper surveys and appraises the recent research on informational cascades and herding behaviour in capital markets. Standard models of informational cascades hardly apply to capital markets where all publicly available information is reflected in the price and investment decisions are continuous. The paper briefly describes the situations in which an informational cascade may take place also in the context of financial markets and offers a critical review of both empirical evidence and experimental results.
Keywords: informational cascades; transaction costs; financial markets (search for similar items in EconPapers)
JEL-codes: D82 D83 G10 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gde:journl:gde_v68_n1_p81-109
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Giornale degli Economisti from GDE (Giornale degli Economisti e Annali di Economia), Bocconi University via Sarfatti, 25 - 20136 Milano (Italy).
Bibliographic data for series maintained by Erika Somma ().