Towards a New Role for Institutional Investors
     
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2007-12-10
Social Influence on Predictions of Simulated Stock Prices: Research report from Sustainable Investments
In two experimental simulations of a financial market participants predicted the future price of a stock given the current price and the predictions made by five fictitious others.
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2007-12-10
New research report from Sustainable Investments on herding
In two experimental simulations of a financial market, participants predicted an “upmarket" or "downmarket" conditional on diagnostic information sampled on each trial. Experiment 1 aimed at demonstrating irrational “herding". Experiment 2 examined the effects of economic incentives for making the same predictions as either the majority or the minority of the others. .
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