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Dynamics of crowd-minds : patterns of irrationality in emotions, beliefs, and actions
Author:
ISBN: 1281881104 9786611881108 9812569480 9789812569486 9812562869 9789812562869 Year: 2005 Volume: v. 54 Publisher: Hackensack, N.J. : World Scientific,

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Abstract

A crowd-mind emerges when formation of a crowd causes fusion of individual minds into one collective mind. Members of the crowd lose their individuality. The deindividuation leads to derationalization: emotional, impulsive and irrational behavior, self-catalytic activities, memory impairment, perceptual distortion, hyper-responsiveness, and distortion of traditional forms and structures.


Book
Herd Behavior in Financial Markets : An Experiment with Financial Market Professionals
Authors: ---
ISBN: 1451914520 1462314430 9786612840920 1451869991 1282840924 1452740003 Year: 2008 Volume: WP/08/141 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

We 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.

You don't have to do it alone : how to involve others to get things done
Authors: ---
ISBN: 128229878X 9786612298783 1576758796 9781576758793 157675278X 9781576752784 9781282298781 9781609944117 1609944119 9781576758809 157675880X Year: 2004 Publisher: San Francisco, CA : Berrett-Koehler,

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A guide to getting projects done. This book shows how to plan for the involvement, how to manage it while it's happening, how to finish it successfully, and how to take away lessons for future opportunities. It is written by four consultants who have headed involvement initiatives for corporations, governments, and non-profits.

Rational herds : economic models of social learning
Author:
ISBN: 052182401X 052153092X 0511165382 0511165978 0511312865 0511616376 1280437545 0511164025 0511164823 1107146364 9780511165979 9780511165382 9780511616372 9780511164828 9781280437540 9786610437542 6610437548 9780511164026 9780521824019 9780521530927 9781107146365 9780511312861 Year: 2004 Publisher: Cambridge : Cambridge University Press,

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Abstract

Penguins jumping off a cliff, economic forecasters and financial advisors speculating against a currency, and farmers using traditional methods in India are all practising social learning. Such learning from the behavior of others may and does lead to herds, crashes, and booms. These issues have become, over the last ten years, an exciting field of research in theoretical and applied economics, finance, and in other social sciences. This book provides both an informal introduction and in-depth insights into the subject. Each chapter is devoted to a separate issue: individuals learn from the observations of actions, the outcomes of these actions, and from what others say. They may delay or make an immediate decision; they may compete against others or gain from cooperation; they make decisions about investment, crop choices, and financial investments. The book highlights the similarities and the differences between the various cases.

Social identifications : a social psychology of intergroup relations and group processes
Authors: ---
ISBN: 1280463155 9786610463152 0203135458 0415006953 1138134880 9780203135457 9780415006958 6610463158 0415006945 9780415006941 9781134986439 9781134986477 9781134986484 9781138134881 Year: 1988 Volume: 985 Publisher: London ; New York, NY : Routledge,

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Abstract

The authors of Social Identifications set out to make accessible to students of social psychology the social identity approach developed by Henri Tajfel, John Turner, and their colleagues in Bristol during the 1970's and 1980's. Michael Hogg and Dominic Abrams give a comprehensive and readable account of social identity theory as well as setting it in the context of other approaches and perspectives in the psychology of intergroup relations. They look at the way people derive their identity from the social groups to which they belong, and the consequences for their feelings, thoughts...

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