Association of Herding Bias with Age and Experience of Investors a Study in Kanpur | Original Article
An investor would be exhibiting Herding behaviour when he or she relies more on information validated by a crowd, rather than on his own judgment, owing to popular perception that the crowd cannot be wrong. If investors are heavily influenced by other investors, analysts and other people, the ability to come up with their own analysis and judgments get hampered. The investors follow others rushing to buy (or rushing to sell) housing, property, shares or other investments. But simply going with the herd is not likely to be a well-thought through investment strategy. And the followers can end up paying the price. This paper provides a comprehensive study of herding behaviour and association of herding behaviour with age and experience of investors in stock market.