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Herding Behaviour (herding + behaviour)
Selected AbstractsHerding Behaviour and the Size of Customer Base as a Commitment to QualityECONOMICA, Issue 267 2000Chong Ju Choi This paper refers to herding behaviour as developed in Bikhchandani et al. (1992), Bannerjee (1992) and Choi and Scarpa (1994). We examine the behaviour of a potential customer who does not know how many of her predecessorsdecided not to purchase the product. We show that, ceteris paribus,a smaller (larger) customer base increases the likelihood of a positive(negative) cascade. Hence, a firm can signal its commitment to high quality(Schelling 1960) by choosing to develop a customer base that relies upon thecustomer's ,private' information rather than one that relies on an informational cascade. [source] Sex, Rank and Age Differences in the Japanese Macaque (Macaca fuscata yakui) Participation in Inter-Group EncountersETHOLOGY, Issue 5 2005Bonaventura Majolo In many species interactions among group are often characterized by agonistic behaviour. Although animals may participate in inter-group encounters in different ways, depending on their energetic requirements, reproductive tactics, and/or developmental stage, the proximate causes affecting an animal's participation in inter-group encounters are still poorly understood. Indeed, many studies have analysed the behaviour of males and females during inter-group encounters without considering the importance of additional factors (e.g. rank). This study focuses on wild non-provisioned Japanese macaques (Macaca fuscata yakui) living on Yakushima Island, Japan. It aims to determine how monkeys of different sex, age, and rank behave during inter-group encounters and it discusses the implications and consequences of their behaviour on group composition and male dispersal. Males participated significantly more than females in inter-group encounters, by displaying more aggressive or affiliative behaviour. High-ranking and/or adult males were more aggressive than low-ranking and/or subadult males during encounters occurring in the mating season and they also showed more herding behaviour. This trend was not found in inter-group encounters occurring during the non-mating season. Finally, males which then emigrated to new groups were low-ranking and/or subadult individuals. Those males displayed more affiliative behaviour towards foreign males than males which did emigrate. These data indicate that in non-territorial species with male dominance over female and high competition for mating partners males play an active, and often aggressive, role during inter-group encounter while female participation is scarce. Factors such as age, rank and period of the year (in seasonally breeding species) have to be taken into considerations when analysing interactions between groups and their effects on group composition and social behaviour. [source] Strategic bias, herding behaviour and economic forecastsJOURNAL OF FORECASTING, Issue 1 2003Jordi Pons-Novell Abstract Professional forecasters can have other objectives as well as minimizing expected squared forecast errors. This paper studies whether the people or companies which make forecasts behave strategically with the aim of maximizing aspects such as publicity, salary or their prestige, or more generally to minimize some loss function; or whether, on the contrary, they make forecasts which resemble consensus forecasts (herding behaviour). This study also analyses whether, as forecasters gain more reputation and experience, they make more radical forecasts, that is, they deviate further from the consensus. For this the Livingston Survey is used, a panel of experts who make forecasts on the future evolution of the United States economy. Copyright © 2003 John Wiley & Sons, Ltd. [source] | ||||||||||