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Herding or wisdom of the crowd? Controlling efficiency in a partially rational financial market

Herding has often been blamed as one of the possible causes of market instabilities, ultimately yielding to bubbles and crushes. On the other hand, researchers hypothesized that financial systems may benefit from the so-called wisdom of the crowd. To solve this apparent dichotomy, we leverage a nove...

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Detalles Bibliográficos
Autores principales: Della Rossa, Fabio, Giannini, Lorenzo, DeLellis, Pietro
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7485832/
https://www.ncbi.nlm.nih.gov/pubmed/32915898
http://dx.doi.org/10.1371/journal.pone.0239132