Herd Behavior and Rational Expectations: A Test of China's Market Using Quantile Regression
This paper aims to examine whether the changes of the rational expectations of a tendency to herd among investors under different market conditions in China's market. We find that herding remains scarce during periods of market tumult. Also, herd behavior is more pronounced under rising market...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2017-04-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/4243 |