LEADER 06119oam 22012614 450 001 9910965545403321 005 20250426110708.0 010 $a9786612840920 010 $a9781462314430 010 $a1462314430 010 $a9781452740003 010 $a1452740003 010 $a9781282840928 010 $a1282840924 010 $a9781451869996 010 $a1451869991 035 $a(CKB)3170000000055044 035 $a(EBL)1607898 035 $a(SSID)ssj0000944137 035 $a(PQKBManifestationID)11503325 035 $a(PQKBTitleCode)TC0000944137 035 $a(PQKBWorkID)10983369 035 $a(PQKB)10193867 035 $a(OCoLC)252901774 035 $a(IMF)WPIEE2008141 035 $a(MiAaPQ)EBC1607898 035 $a(IMF)WPIEA2008141 035 $aWPIEA2008141 035 $a(EXLCZ)993170000000055044 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aHerd Behavior in Financial Markets : $eAn Experiment with Financial Market Professionals /$fMarco Cipriani, Antonio Guarino 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (30 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/141 300 $aDescription based upon print version of record. 311 08$a9781451914528 311 08$a1451914520 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; A. Literature Review; II. The Theoreticalmodel; A. The model structure; B. Theoretical predictions; Figures; 1. Prices and Traders' Expectations after a History of Buys; III. The Experiment and the Experimental Design; A. The experiment; B. Experimental design: the two treatments; 2. Prices and Traders' Expectations after a History of Sells; 3. Prices and Traders' Expectations after a Sell Followed by a History of Buys; IV. Results: Rationality, Herding and Contrarian Behavior; A. Treatment I; Tables; 1. Average behavior in Treatment I 327 $a2. Cascade trading behavior in Treatment IB. Treatment II; 3. No trade in Treatment I; 4. Average behavior in Treatment II; V. Comparison with Previous Experimental Results; 5. Cascade trading behavior in Treatment II; 6. No trade in Treatment II; VI. Individual Behavior; 7. Percentage of decisions in accordance with the theoretical prediction at individual level.; VII. Conclusions; 8. Regressions of the level of rationality in the experiment on individual characteristics. P-values in parenthesis 327 $a9. Regression of subjects' payoff at the end of the experiment on individual characteristics. P-values in parenthesis10. Regressions of participants' proportion of herding, contrarianism and no trading on the trader's dummy. Herd 1 and Contrarian 1 refer to Treatment I. Herd 2 and Contrarian 2 refer to Treatment II. P-values in parenthesis; References 330 3 $aWe study herd behavior in a laboratory financial market with financial market professionals. We compare two treatments, one in which the price adjusts to the order flow so that herding should never occur, and one in which event uncertainty makes herding possible. In the first treatment, subjects herd seldom, in accordance with both the theory and previous experimental evidence on student subjects. A proportion of subjects, however, engage in contrarianism, something not accounted for by the theory. In the second treatment, the proportion of herding decisions increases, but not as much as theory suggests; moreover, contrarianism disappears altogether. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/141 606 $aCapitalists and financiers$xPsychology$xEconometric models 606 $aInvestments$xDecision making$xEconometric models 606 $aCollective behavior$xEconometric models 606 $aAsset valuation$2imf 606 $aAsset-liability management$2imf 606 $aBalance of trade$2imf 606 $aCapital market$2imf 606 $aEconomics of Gender$2imf 606 $aEducation$2imf 606 $aEducation: General$2imf 606 $aEmpirical Studies of Trade$2imf 606 $aExports and Imports$2imf 606 $aFinance$2imf 606 $aFinance: General$2imf 606 $aFinancial Risk Management$2imf 606 $aGender Studies$2imf 606 $aGender studies, gender groups$2imf 606 $aGender$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aInternational economics$2imf 606 $aInternational Financial Markets$2imf 606 $aNon-labor Discrimination$2imf 606 $aSecurities markets$2imf 606 $aSex role$2imf 606 $aTrade balance$2imf 615 0$aCapitalists and financiers$xPsychology$xEconometric models. 615 0$aInvestments$xDecision making$xEconometric models. 615 0$aCollective behavior$xEconometric models. 615 7$aAsset valuation 615 7$aAsset-liability management 615 7$aBalance of trade 615 7$aCapital market 615 7$aEconomics of Gender 615 7$aEducation 615 7$aEducation: General 615 7$aEmpirical Studies of Trade 615 7$aExports and Imports 615 7$aFinance 615 7$aFinance: General 615 7$aFinancial Risk Management 615 7$aGender Studies 615 7$aGender studies, gender groups 615 7$aGender 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aInternational economics 615 7$aInternational Financial Markets 615 7$aNon-labor Discrimination 615 7$aSecurities markets 615 7$aSex role 615 7$aTrade balance 676 $a330.12 700 $aCipriani$b Marco$01816089 701 $aGuarino$b Antonio$0305062 801 0$bDcWaIMF 906 $aBOOK 912 $a9910965545403321 996 $aHerd Behavior in Financial Markets$94371738 997 $aUNINA LEADER 03364nam 22008294a 450 001 9910954848203321 005 20200520144314.0 010 $a0-19-988206-1 010 $a0-19-531309-7 010 $a1-280-48201-X 010 $a1-60256-828-6 010 $a9786610482016 010 $a0-19-803410-5 035 $a(CKB)2560000000294360 035 $a(EBL)3052003 035 $a(OCoLC)922952664 035 $a(SSID)ssj0001142646 035 $a(PQKBManifestationID)12464490 035 $a(PQKBTitleCode)TC0001142646 035 $a(PQKBWorkID)11098002 035 $a(PQKB)10161411 035 $a(SSID)ssj0000085519 035 $a(PQKBManifestationID)11123631 035 $a(PQKBTitleCode)TC0000085519 035 $a(PQKBWorkID)10024735 035 $a(PQKB)10343276 035 $a(StDuBDS)EDZ0000074191 035 $a(Au-PeEL)EBL3052003 035 $a(CaPaEBR)ebr10103599 035 $a(CaONFJC)MIL48201 035 $a(Au-PeEL)EBL279568 035 $a(OCoLC)733088972 035 $a(Au-PeEL)EBL7039215 035 $a(OCoLC)56214495 035 $a(FINmELB)ELB162983 035 $a(MiAaPQ)EBC3052003 035 $a(MiAaPQ)EBC279568 035 $a(MiAaPQ)EBC7039215 035 $a(OCoLC)1336402210 035 $a(EXLCZ)992560000000294360 100 $a20040730d2005 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe battle over Hetch Hetchy $eAmerica's most controversial dam and the birth of modern environmentalism /$fRobert W. Righter 205 $a1st ed. 210 $aNew York $cOxford University Press$d2005 215 $a1 online resource (328 p.) 300 $aDescription based upon print version of record. 311 08$a0-19-514947-5 311 08$a0-19-978893-6 320 $aIncludes bibliographical references (p. [245]-277) and index. 327 $aContents; "The Hetch Hetchy"; Hetch Hetchy Chronology; Cast of Characters; List of Illustrations; Introduction; 1. The Uses of the Valley; 2. The Imperial City and Water ; 3. Water, Earthquake, and Fire ; 4. Two Views of One Valley; 5. San Francisco to "Show Cause" ; 6. Congress Decides; 7. To Build a Dam; 8. The Power Controversy; 9. The Legacies of Hetch Hetchy; 10. Restoration; Afterword; Notes; Index; A; B; C; D; E; F; G; H; I; J; K; L; M; N; O; P; Q; R; S; T; U; V; W; Y; Z 330 8 $aRebuilding after the 1906 earthquake, the city of San Francisco petitioned for a water reservoir to be constructed within the newly created Yosemite National Park. This sparked a debate over whether nature should be controlled or left alone, from which emerged the modern environmentalism movement. 606 $aWater-supply$zCalifornia$zSan Francisco Bay Area$xHistory 606 $aWater resources development$xPolitical aspects$zCalifornia$zSan Francisco Bay Area 606 $aEnvironmentalism$zUnited States 607 $aHetch Hetchy Valley (Calif.) 615 0$aWater-supply$xHistory. 615 0$aWater resources development$xPolitical aspects 615 0$aEnvironmentalism 676 $a363.6/1/0979447 700 $aRighter$b Robert W$01851691 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910954848203321 996 $aThe battle over Hetch Hetchy$94445908 997 $aUNINA