Herding instinct
Herding instinct is behavior that occurs when one group of investors does well and other investors begin to emulate them.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Herding instinct. When one group of investors does well, other investors begin to emulate them, acting like a herd of sheep.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
