{"id":"https://openalex.org/W2113918924","doi":"https://doi.org/10.1108/17554171111124595","title":"Herding, information uncertainty and investors' cognitive profile","display_name":"Herding, information uncertainty and investors' cognitive profile","publication_year":2011,"publication_date":"2011-04-12","ids":{"openalex":"https://openalex.org/W2113918924","doi":"https://doi.org/10.1108/17554171111124595","mag":"2113918924"},"language":"en","primary_location":{"id":"doi:10.1108/17554171111124595","doi":"https://doi.org/10.1108/17554171111124595","is_oa":false,"landing_page_url":"https://doi.org/10.1108/17554171111124595","pdf_url":null,"source":{"id":"https://openalex.org/S32948690","display_name":"Qualitative Research in Financial Markets","issn_l":"1755-4179","issn":["1755-4179","1755-4187"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Qualitative Research in Financial Markets","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5021863579","display_name":"Beatriz Fern\u00e1ndez","orcid":"https://orcid.org/0000-0002-7632-7777","observed_orcids":["https://orcid.org/0000-0002-7632-7777"]},"institutions":[{"id":"https://openalex.org/I108103353","display_name":"Universidad de Valladolid","ror":"https://ror.org/01fvbaw18","country_code":"ES","type":"education","lineage":["https://openalex.org/I108103353"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Beatriz Fern\u00e1ndez","raw_affiliation_strings":["University of Valladolid, Valladolid, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Valladolid, Valladolid, Spain","institution_ids":["https://openalex.org/I108103353"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5023221266","display_name":"Teresa Garc\u00eda Merino","orcid":"https://orcid.org/0000-0001-6870-5443","observed_orcids":["https://orcid.org/0000-0001-6870-5443"]},"institutions":[{"id":"https://openalex.org/I108103353","display_name":"Universidad de Valladolid","ror":"https://ror.org/01fvbaw18","country_code":"ES","type":"education","lineage":["https://openalex.org/I108103353"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Teresa Garcia\u2010Merino","raw_affiliation_strings":["University of Valladolid, Valladolid, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Valladolid, Valladolid, Spain","institution_ids":["https://openalex.org/I108103353"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5056839682","display_name":"Rosa M. Mayoral","orcid":"https://orcid.org/0000-0002-8615-0725","observed_orcids":["https://orcid.org/0000-0002-8615-0725"]},"institutions":[{"id":"https://openalex.org/I108103353","display_name":"Universidad de Valladolid","ror":"https://ror.org/01fvbaw18","country_code":"ES","type":"education","lineage":["https://openalex.org/I108103353"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Rosa Mayoral","raw_affiliation_strings":["University of Valladolid, Valladolid, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Valladolid, Valladolid, Spain","institution_ids":["https://openalex.org/I108103353"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5047552647","display_name":"Valle Santos","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I108103353","display_name":"Universidad de Valladolid","ror":"https://ror.org/01fvbaw18","country_code":"ES","type":"education","lineage":["https://openalex.org/I108103353"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Valle Santos","raw_affiliation_strings":["University of Valladolid, Valladolid, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Valladolid, Valladolid, Spain","institution_ids":["https://openalex.org/I108103353"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5006496931","display_name":"Eleuterio Vallelado Gonz\u00e1lez","orcid":"https://orcid.org/0000-0001-8079-7416","observed_orcids":["https://orcid.org/0000-0001-8079-7416"]},"institutions":[{"id":"https://openalex.org/I108103353","display_name":"Universidad de Valladolid","ror":"https://ror.org/01fvbaw18","country_code":"ES","type":"education","lineage":["https://openalex.org/I108103353"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Eleuterio Vallelado","raw_affiliation_strings":["University of Valladolid, Valladolid, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Valladolid, Valladolid, Spain","institution_ids":["https://openalex.org/I108103353"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I108103353"],"apc_list":null,"apc_paid":null,"fwci":5.3275,"has_fulltext":false,"cited_by_count":60,"citation_normalized_percentile":{"value":0.95692911,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":99},"biblio":{"volume":"3","issue":"1","first_page":"7","last_page":"33"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9657999873161316,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9657999873161316,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.02930000051856041,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.0013000000035390258,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/investor-herding","display_name":"investor herding","score":0.8539999723434448},{"id":"https://openalex.org/keywords/cognitive-profile","display_name":"cognitive profile","score":0.7509999871253967},{"id":"https://openalex.org/keywords/information-uncertainty","display_name":"information uncertainty","score":0.8180000185966492},{"id":"https://openalex.org/keywords/behavioral-biases","display_name":"behavioral biases","score":0.7319999933242798},{"id":"https://openalex.org/keywords/public-information","display_name":"public information","score":0.6499999761581421},{"id":"https://openalex.org/keywords/transaction-volume","display_name":"transaction volume","score":0.5509999990463257},{"id":"https://openalex.org/keywords/information-availability","display_name":"information availability","score":0.6269999742507935},{"id":"https://openalex.org/keywords/investor-behavior","display_name":"investor behavior","score":0.46000000834465027},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.421999990940094}],"concepts":[{"id":"https://openalex.org/C177605951","wikidata":"https://www.wikidata.org/wiki/Q1484503","display_name":"Herding","level":2,"score":0.9748467206954956},{"id":"https://openalex.org/C102235558","wikidata":"https://www.wikidata.org/wiki/Q1609678","display_name":"Herd behavior","level":3,"score":0.5702041983604431},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.5280103087425232},{"id":"https://openalex.org/C169900460","wikidata":"https://www.wikidata.org/wiki/Q2200417","display_name":"Cognition","level":2,"score":0.5260460376739502},{"id":"https://openalex.org/C50335755","wikidata":"https://www.wikidata.org/wiki/Q483247","display_name":"Phenomenon","level":2,"score":0.5198936462402344},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4517010748386383},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4334324598312378},{"id":"https://openalex.org/C31173074","wikidata":"https://www.wikidata.org/wiki/Q2632514","display_name":"Attractiveness","level":2,"score":0.4159672260284424},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.390653133392334},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.36533087491989136},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.34206676483154297},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3306613564491272},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2820916771888733},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.22871506214141846},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0879402756690979},{"id":"https://openalex.org/C169760540","wikidata":"https://www.wikidata.org/wiki/Q207011","display_name":"Neuroscience","level":1,"score":0.0},{"id":"https://openalex.org/C97137747","wikidata":"https://www.wikidata.org/wiki/Q38112","display_name":"Forestry","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C11171543","wikidata":"https://www.wikidata.org/wiki/Q41630","display_name":"Psychoanalysis","level":1,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C11012388","wikidata":"https://www.wikidata.org/wiki/Q170658","display_name":"Creativity","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1108/17554171111124595","doi":"https://doi.org/10.1108/17554171111124595","is_oa":false,"landing_page_url":"https://doi.org/10.1108/17554171111124595","pdf_url":null,"source":{"id":"https://openalex.org/S32948690","display_name":"Qualitative Research in Financial Markets","issn_l":"1755-4179","issn":["1755-4179","1755-4187"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Qualitative Research in Financial Markets","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:qrfmpp:v:3:y:2011:i:1:p:7-33","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/17554171111124595/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":70,"referenced_works":["https://openalex.org/W64637189","https://openalex.org/W158727920","https://openalex.org/W250226503","https://openalex.org/W646525801","https://openalex.org/W1483931381","https://openalex.org/W1489293997","https://openalex.org/W1496980835","https://openalex.org/W1514170814","https://openalex.org/W1514293663","https://openalex.org/W1515246581","https://openalex.org/W1533989888","https://openalex.org/W1549577173","https://openalex.org/W1563006618","https://openalex.org/W1573257242","https://openalex.org/W1883896725","https://openalex.org/W1909227410","https://openalex.org/W1965898788","https://openalex.org/W1969039856","https://openalex.org/W1974921801","https://openalex.org/W1974992581","https://openalex.org/W1981156413","https://openalex.org/W1987628845","https://openalex.org/W1991749664","https://openalex.org/W2000733777","https://openalex.org/W2007421032","https://openalex.org/W2013860961","https://openalex.org/W2025871550","https://openalex.org/W2035824707","https://openalex.org/W2047803175","https://openalex.org/W2061592058","https://openalex.org/W2069739328","https://openalex.org/W2074761803","https://openalex.org/W2080584929","https://openalex.org/W2088838511","https://openalex.org/W2093510862","https://openalex.org/W2095362739","https://openalex.org/W2096503378","https://openalex.org/W2111416156","https://openalex.org/W2116339425","https://openalex.org/W2128633294","https://openalex.org/W2140950724","https://openalex.org/W2144487825","https://openalex.org/W2147413833","https://openalex.org/W2148876341","https://openalex.org/W2150364062","https://openalex.org/W2161193722","https://openalex.org/W2261796944","https://openalex.org/W2323266160","https://openalex.org/W2329029318","https://openalex.org/W2477572219","https://openalex.org/W2579747302","https://openalex.org/W2625051801","https://openalex.org/W2892281208","https://openalex.org/W2892285611","https://openalex.org/W3121232932","https://openalex.org/W3121544422","https://openalex.org/W3121805910","https://openalex.org/W3122000667","https://openalex.org/W3122403419","https://openalex.org/W3122759515","https://openalex.org/W3123819895","https://openalex.org/W3123993840","https://openalex.org/W3124023934","https://openalex.org/W3124214036","https://openalex.org/W3124697853","https://openalex.org/W3125780646","https://openalex.org/W4206439541","https://openalex.org/W4239697087","https://openalex.org/W4252311371","https://openalex.org/W4292157289"],"related_works":["https://openalex.org/W3122623836","https://openalex.org/W2163766636","https://openalex.org/W6999846782","https://openalex.org/W1600863079","https://openalex.org/W2765400745","https://openalex.org/W2945971369","https://openalex.org/W2947802997","https://openalex.org/W3009150587","https://openalex.org/W4402173412","https://openalex.org/W2354630992"],"abstract_inverted_index":{"Purpose":[0],"The":[1,27,91,145,200,210,229],"purpose":[2],"of":[3,14,38,48,76,98,106,112,147,150,156,164,171,202,221,245],"this":[4,233],"paper":[5,234],"is":[6,82,100,118,166,173,187,213],"to":[7,21,34,85,130,215,239],"analyze":[8],"the":[9,12,36,64,68,74,80,95,104,110,116,127,132,162,169,176,181,195,241],"interaction":[10,138,242],"between":[11,58,243],"availability":[13,105,163,244],"financial":[15,143],"information":[16,72,107,140,165,193,204],"and":[17,30,63,109,136,159,168,249],"individuals'":[18],"cognitive":[19,96,134,178,237,247],"profiles":[20],"explain":[22,86,180],"investors'":[23,60,182,236],"herding":[24,65,87,153,183,211],"behavior.":[25,184],"Design/methodology/approach":[26],"authors":[28],"designed":[29],"conducted":[31],"an":[32],"experiment":[33,69],"observe":[35],"behavior":[37,154],"subjects":[39],"in":[40,79,115,142,232],"three":[41],"settings,":[42],"each":[43],"with":[44,139],"a":[45,54,222],"different":[46],"level":[47],"information.":[49],"Findings":[50],"Results":[51],"confirm":[52],"that":[53,71,94,189,226],"dependence":[55],"relation":[56],"exists":[57],"information,":[59,246],"behavioral":[61],"biases":[62],"phenomenon.":[66],"Moreover,":[67],"shows":[70],"concerning":[73],"number":[75,111,170],"previous":[77,113],"transactions":[78,114,172],"market":[81,117],"particularly":[83],"relevant":[84,102],"propensity":[88],"among":[89],"investors.":[90,199],"findings":[92],"indicate":[93],"profile":[97,135,179,238,248],"investors":[99],"more":[101],"as":[103],"increases":[108],"low.":[119],"Research":[120],"limitations/implications":[121],"Future":[122],"research":[123,230],"should":[124],"examine":[125],"further":[126,206],"best":[128],"way":[129],"measure":[131],"individual's":[133],"its":[137],"limitation":[141],"markets.":[144],"presence":[146],"high":[148,167],"levels":[149],"uncertainty":[151],"favors":[152],"regardless":[155],"inter\u2010individual":[157],"differences,":[158],"only":[160],"when":[161],"low":[174],"does":[175],"subjects'":[177],"Finally,":[185],"it":[186],"observed":[188],"not":[190],"all":[191],"public":[192,203],"receives":[194],"same":[196],"attention":[197],"by":[198],"attractiveness":[201],"requires":[205],"attention.":[207],"Social":[208],"implications":[209],"phenomenon":[212],"difficult":[214],"anticipate":[216],"because":[217],"there":[218],"are":[219],"factors":[220],"very":[223],"diverse":[224],"nature":[225],"intervene.":[227],"Originality/value":[228],"described":[231],"measures":[235],"identify":[240],"herding.":[250]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":8},{"year":2022,"cited_by_count":11},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":2},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":4}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
