Other models use principal agent behavior to explain momentum (herd behavior) in financial markets.

The truth is that these prices are made by herd behavior.

Even if conducted in a fair and objective manner, such polls can influence voters through the bandwagon and underdog effects.

It has also referred to a desire to avoid feared bandwagon or underdog effects on the electorate.

(CC BY NC SA 2.0) 'Leave, sheep' referring to President Morsi, in an allusion to the herd like behavior of Muslim Brotherhood. (CC BY NC SA 2.0)

Block Thinking

Let's get the cattle.

and the computer.

Look out, boys. Here comes the herd.

There are still huge inefficiencies in international financial markets, which remain beset by herding behavior and other pathologies.

Europe s Economic Groupthink

Cattle feed on grass.

But our flocks mean our lives.

Seems like. Who's riding herd?

Wolf right in your own fold.

When are you leaving for the range?

And the plumbing malfunctioned because herd behavior shaped by policies in ways that we are only now coming to understand overwhelmed it.

This means that they have less incentive to herd to buy or sell a currency just because everyone else is buying or selling it.

Herd behavior arises, Keynes thought, not from attempts to deceive, but from the fact that, in the face of the unknown, we seek safety in numbers.

You don't have to catch a herd.

I gotta get the cattle home!

The lowing herd is still with us.

Get your herds together. We'll take some samples.

We also note that the alleged bandwagon and underdog effects are mutually contradictory, and further stress the unusually long period of 23 days required by the law.

And the larger the herd, the safer the individuals.

Herd safety came with sharpened senses.

Well, let's not disappoint 'em, then. Send 'em along!

I'll get a horse and help push the stock along.

Cattle's not dying at Parker's ranch.

Annie had been killed, along with 20 members of her herd.

All right, all right. Let's go to work, children. The herd's in.

I'll ship 'em up north before the news gets out.

Morality in Europe today is herd animal morality .

I've hunted, scouted and driven cattle through most of it.

If you watch the shepherd, you're bound to find the flock.

A good shepherd doesn't desert his flock when the wolves are prowling.

Of course you will. You'll be putting the herd down on Little River and when you ...

You agreed that I was going to put your cattle onto Cassidy's grass.

Kind of a lower animal sort of thing.

Rode many a night herd with all of 'em.

But I tell you, we belong to the same herd.

I can ship the whole herd out before they begin the test.

First, there are market failures, which occur when, for example, investors display herd behavior, information asymmetries exist, or the structure of incentives for investment managers encourages excessive risk taking.

Behavior

Behavior