Wrangling the Herd: A Cross-Cultural and Cross-Industry Approach to Herding Market Behavior
By Tyler Fenton and Jarred Kotzin The traditional efficient market hypothesis serves as the foundation of modern economic theory, governing the investigation of financial markets. While this premise assumes all investors are rational and all information is immediately incorporated into markets, this paper explores herding behavior – a central tenet of behavioral finance that explains […]
Effect of Sentiment on Bitcoin Price Formation
By Brian Perry-Carrera With the recent growth in the investment of cryptocurrencies, such as bitcoin, it has become increasingly relevant to understand what drives price formation. Given that investment in bitcoin is greatly determined by speculation, this paper seeks to find the econometric relationship between public sentiment and the price of bitcoin. After scraping over […]
