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Bayesian interactions and collective dynamics of opinion: Herd behavior and mimetic contagion

Citations

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Cited by:

  1. Fré Dé & Ric Deroian, 2001. "Morphogenesis Of Social Networks And Coexistence Of Technologies," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 10(6), pages 427-448.
  2. Irène Hors, 1995. "Des modèles de transition de phase en économie ?," Revue Économique, Programme National Persée, vol. 46(3), pages 817-826.
  3. Y.M. Kaniovski, 1998. "On Misapplications of Diffusion Approximations in Birth and Death Processes of Noisy Evolution," Working Papers ir98050, International Institute for Applied Systems Analysis.
  4. Chen, Shu-Heng & Chang, Chia-Ling & Wen, Ming-Chang, 2014. "Social networks and macroeconomic stability," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy, vol. 8, pages 1-40.
  5. Alessio Emanuele Biondo, 2020. "Information versus imitation in a real-time agent-based model of financial markets," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 15(3), pages 613-631, July.
  6. Kenneth Koford & Adrian E. Tschoegl, 1997. "Problems of Bank Lending in Bulgaria: Information Asymmetry and Institutional Learning," Center for Financial Institutions Working Papers 97-41, Wharton School Center for Financial Institutions, University of Pennsylvania.
  7. Naseem Al Rahahleh & Ahmed Al Qurashi, 2024. "The impact of COVID-19 on Ethereum returns and Ethereum market efficiency," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(3), pages 729-755, September.
  8. Adrian E. Tschoegl, 2005. "The Key to Risk Management: Management," Springer Books, in: Michael Frenkel & Markus Rudolf & Ulrich Hommel (ed.), Risk Management, edition 0, pages 721-739, Springer.
  9. Vivien Lespagnol & Juliette Rouchier, 2014. "Trading volume and market efficiency: an Agent Based Model with heterogenous knowledge about fundamentals," AMSE Working Papers 1419, Aix-Marseille School of Economics, France, revised May 2014.
  10. Franke, Reiner & Westerhoff, Frank, 2019. "Different compositions of aggregate sentiment and their impact on macroeconomic stability," Economic Modelling, Elsevier, vol. 76(C), pages 117-127.
  11. D. Sornette, 2014. "Physics and Financial Economics (1776-2014): Puzzles, Ising and Agent-Based models," Papers 1404.0243, arXiv.org.
  12. Nicolas Piluso, 2008. "La convention financière chez Keynes," L'Actualité Economique, Société Canadienne de Science Economique, vol. 84(1), pages 101-121.
  13. Pegah Dehghani & Ros Zam Zam Sapian, 2014. "Sectoral herding behavior in the aftermarket of Malaysian IPOs," Venture Capital, Taylor & Francis Journals, vol. 16(3), pages 227-246, July.
  14. Besancenot, Damien & Huynh, Kim V. & Vranceanu, Radu, 2001. "Growth patterns under imitation in the investment decision," Economic Systems, Elsevier, vol. 25(1), pages 51-64, March.
  15. Paul Muller, 2006. "Reputation, trust and the dynamics of leadership in communities of practice," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 10(4), pages 381-400, November.
  16. L. Lin & M. Schatz & D. Sornette, 2019. "A simple mechanism for financial bubbles: time-varying momentum horizon," Quantitative Finance, Taylor & Francis Journals, vol. 19(6), pages 937-959, June.
  17. Harras, Georges & Sornette, Didier, 2011. "How to grow a bubble: A model of myopic adapting agents," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 137-152.
  18. Li Lin & Didier Sornette, 2016. "A Simple Mechanism for Financial Bubbles: Time-Varying Momentum Horizon," Swiss Finance Institute Research Paper Series 16-61, Swiss Finance Institute.
  19. Remzi Uctum & Patricia Renou‐Maissant & Georges Prat & Sylvie Lecarpentier‐Moyal, 2017. "Persistence of announcement effects on the intraday volatility of stock returns: Evidence from individual data," Review of Financial Economics, John Wiley & Sons, vol. 35(1), pages 43-56, November.
  20. Fathi Abid & Bilel Kaffel, 2018. "The extent of virgin olive-oil prices’ distribution revealing the behavior of market speculators," Review of Quantitative Finance and Accounting, Springer, vol. 50(2), pages 561-590, February.
  21. Teraji, Shinji, 2003. "Herd behavior and the quality of opinions," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(6), pages 661-673, December.
  22. repec:ipg:wpaper:27 is not listed on IDEAS
  23. Tedeschi, Gabriele & Iori, Giulia & Gallegati, Mauro, 2012. "Herding effects in order driven markets: The rise and fall of gurus," Journal of Economic Behavior & Organization, Elsevier, vol. 81(1), pages 82-96.
  24. Nirei, Makoto & Stachurski, John & Watanabe, Tsutomu, 2020. "Trade clustering and power laws in financial markets," Theoretical Economics, Econometric Society, vol. 15(4), November.
  25. Chen, Shu-Heng & Chang, Chia-Ling & Tseng, Yi-Heng, 2014. "Social networks, social interaction and macroeconomic dynamics: How much could Ernst Ising help DSGE?," Research in International Business and Finance, Elsevier, vol. 30(C), pages 312-335.
  26. Hawkins, Raymond J., 2011. "Lending sociodynamics and economic instability," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 390(23), pages 4355-4369.
  27. Di Francesco, Tommaso & Torren-Peraire, Daniel, 2025. "(Mis)information diffusion and the financial market," Journal of Economic Behavior & Organization, Elsevier, vol. 238(C).
  28. Denis Phan, 2004. "From Agent-Based Computational Economics towards Cognitive Economics," Post-Print halshs-03916500, HAL.
  29. Rama Cont & Jean-Philippe Bouchaud, 1997. "Herd behavior and aggregate fluctuations in financial markets," Science & Finance (CFM) working paper archive 500028, Science & Finance, Capital Fund Management.
  30. Johann Lussange & Stefano Vrizzi & Stefano Palminteri & Boris Gutkin, 2024. "Mesoscale effects of trader learning behaviors in financial markets: A multi-agent reinforcement learning study," PLOS ONE, Public Library of Science, vol. 19(4), pages 1-40, April.
  31. Sornette, Didier & Zhou, Wei-Xing, 2006. "Predictability of large future changes in major financial indices," International Journal of Forecasting, Elsevier, vol. 22(1), pages 153-168.
  32. Bence Toth & Imon Palit & Fabrizio Lillo & J. Doyne Farmer, 2011. "Why is order flow so persistent?," Papers 1108.1632, arXiv.org, revised Nov 2014.
  33. Aldo Levy & Larry Bensimhon, 2010. "The origin of stock-market crashes: proposal for a mimetic model using behavioral assumptions and an analysis of legal mimicry," Post-Print halshs-00593986, HAL.
  34. Jean-Pierre Nadal & Denis Phan & Mirta B. Gordon & Jean Vannimenus, 2003. "Monopoly Market with Externality: an Analysis with Statistical Physics and Agent Based Computational Economics," Papers cond-mat/0311096, arXiv.org.
  35. Omurtag, Ahmet & Sirovich, Lawrence, 2006. "Modeling a large population of traders: Mimesis and stability," Journal of Economic Behavior & Organization, Elsevier, vol. 61(4), pages 562-576, December.
  36. Cont, Rama & Löwe, Matthias, 2010. "Social distance, heterogeneity and social interactions," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 572-590, July.
  37. L. L. B. Miranda & L. S. Lima, 2024. "Singular Stochastic Differential Equations for Time Evolution of Stocks Within Non-white Noise Approach," Computational Economics, Springer;Society for Computational Economics, vol. 64(5), pages 2685-2694, November.
  38. Semeshenko, Viktoriya & Gordon, Mirta B. & Nadal, Jean-Pierre, 2008. "Collective states in social systems with interacting learning agents," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(19), pages 4903-4916.
  39. Filiz, Ibrahim & Nahmer, Thomas & Spiwoks, Markus, 2019. "Herd behavior and mood: An experimental study on the forecasting of share prices," Journal of Behavioral and Experimental Finance, Elsevier, vol. 24(C).
  40. Zafirovski, Milan, 2002. "Reconsidering equilibrium: a socio-economic perspective," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 31(5), pages 559-579.
  41. Iori, Giulia, 2002. "A microsimulation of traders activity in the stock market: the role of heterogeneity, agents' interactions and trade frictions," Journal of Economic Behavior & Organization, Elsevier, vol. 49(2), pages 269-285, October.
  42. Denis Phan & Stephane Pajot & Jean-Pierre Nadal, 2003. "The Monopolist's Market with Discrete Choices and Network Externality Revisited: Small-Worlds, Phase Transition and Avalanches in an ACE Framework," Computing in Economics and Finance 2003 150, Society for Computational Economics.
  43. N Blasco & P Corredor & S Ferreruela, 2011. "Detecting intentional herding: what lies beneath intraday data in the Spanish stock market," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(6), pages 1056-1066, June.
  44. repec:ipg:wpaper:2013-027 is not listed on IDEAS
  45. Gérard Weisbuch & Guillaume Deffuant & Frederic Amblard & Jean Pierre Nadal, 2001. "Interacting Agents and Continuous Opinions Dynamics," Working Papers 01-11-072, Santa Fe Institute.
  46. Leoni, Patrick L., 2011. "Psychological determinants of occurrence and magnitude of market crashes," Economic Modelling, Elsevier, vol. 28(5), pages 2190-2196, September.
  47. Didier SORNETTE, 2014. "Physics and Financial Economics (1776-2014): Puzzles, Ising and Agent-Based Models," Swiss Finance Institute Research Paper Series 14-25, Swiss Finance Institute.
  48. J. Coulon & Y. Malevergne, 2011. "Heterogeneous expectations and long-range correlation of the volatility of asset returns," Quantitative Finance, Taylor & Francis Journals, vol. 11(9), pages 1329-1356, November.
  49. Mark Bowden & Stuart McDonald, 2008. "The Impact of Interaction and Social Learning on Aggregate Expectations," Computational Economics, Springer;Society for Computational Economics, vol. 31(3), pages 289-306, April.
  50. Daniel Torren-Peraire & Jeroen C. J. M. van den Bergh & Ivan Savin, 2025. "The Cultural Multiplier of Climate Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 88(11), pages 3215-3251, November.
  51. Jean-Philippe Bouchaud, 2012. "Crises and collective socio-economic phenomena: simple models and challenges," Papers 1209.0453, arXiv.org, revised Dec 2012.
  52. Johann Lussange & Stefano Vrizzi & Stefano Palminteri & Boris Gutkin, 2024. "Mesoscale effects of trader learning behaviors in financial markets: A multi-agent reinforcement learning study," Post-Print hal-04790290, HAL.
  53. Lan, Yun & Fang, Wen, 2024. "Mechanisms of investors’ bounded rationality and market herding effect by the stochastic Ising financial model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 648(C).
  54. Fabio Tramontana, 2013. "The role of cognitively biased imitators in a small scale agent-based financial market," DEM Working Papers Series 029, University of Pavia, Department of Economics and Management.
  55. Silverberg, Gerald, 1997. "Evolutionary modeling in economics : recent history and immediate prospects," Research Memorandum 008, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
  56. Sornette, Didier & Zhou, Wei-Xing, 2006. "Importance of positive feedbacks and overconfidence in a self-fulfilling Ising model of financial markets," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 370(2), pages 704-726.
  57. Hott, Christian, 2009. "Herding behavior in asset markets," Journal of Financial Stability, Elsevier, vol. 5(1), pages 35-56, January.
  58. Rama CONT & Jean-Philippe BOUCHAUD, 1997. "Herd behavior and aggregate fluctuations in financial markets," Finance 9712008, University Library of Munich, Germany, revised 06 Jan 1998.
  59. Weisbuch, Gerard, 2000. "Environment and institutions: a complex dynamical systems approach," Ecological Economics, Elsevier, vol. 35(3), pages 381-391, December.
  60. Orléan, André, 2015. "La valeur économique comme fait social : la preuve par les évaluations boursières," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 18.
  61. Sylvie Lecarpentier-Moyal & Georges Prat & Patricia Renou-Maissant & Remzi Uctum, 2013. "Persistence of announcement effects on the intraday volatility of stock returns: evidence from individual data," Working Papers hal-04141172, HAL.
  62. Saggau, Volker, 2012. "Viele Köche Verderben Den Brei – Agentenbasierte Simulationen Zum Föderalismusdurcheinander Während Der Ehec-Krise," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 133052, German Association of Agricultural Economists (GEWISOLA).
  63. Brandouy, O., 2005. "Stock markets as Minority Games: cognitive heterogeneity and equilibrium emergence," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 349(1), pages 302-328.
  64. Woeckener, Bernd, 2000. "The competition of user networks: ergodicity, lock-ins, and metastability," Journal of Economic Behavior & Organization, Elsevier, vol. 41(2), pages 85-99, February.
  65. Tóth, Bence & Palit, Imon & Lillo, Fabrizio & Farmer, J. Doyne, 2015. "Why is equity order flow so persistent?," Journal of Economic Dynamics and Control, Elsevier, vol. 51(C), pages 218-239.
  66. Chakrabarti, Anindya Sundar & Chakrabarti, Bikas K. & Chatterjee, Arnab & Mitra, Manipushpak, 2009. "The Kolkata Paise Restaurant problem and resource utilization," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 388(12), pages 2420-2426.
  67. Bronka Rzepkowski, 2001. "Heterogeneous Expectations, Currency Options and the Euro / Dollar Exchange Rate," Working Papers 2001-03, CEPII research center.
  68. Henkel, Christof, 2017. "From quantum mechanics to finance: Microfoundations for jumps, spikes and high volatility phases in diffusion price processes," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 469(C), pages 447-458.
  69. Aldo Levy & Larry Bensimhon, 2009. "Crises financières : rôle de l'information et mimétisme légal," Post-Print halshs-00593988, HAL.
  70. Simões Vieira, Elisabete F. & Valente Pereira, Márcia S., 2015. "Herding behaviour and sentiment: Evidence in a small European market," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 18(1), pages 78-86.
  71. Jovanovic, Franck & Schinckus, Christophe, 2017. "Econophysics and Financial Economics: An Emerging Dialogue," OUP Catalogue, Oxford University Press, number 9780190205034.
  72. Patrick Bayer & Kyle Mangum & James W. Roberts, 2021. "Speculative Fever: Investor Contagion in the Housing Bubble," American Economic Review, American Economic Association, vol. 111(2), pages 609-651, February.
  73. Woeckener, Bernd W., 1998. "The competition of user networks: Ergodicity, lock-ins, and metastability," Tübinger Diskussionsbeiträge 127, University of Tübingen, School of Business and Economics.
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