Research on Collaborative Herding Behavior and Market Volatility Based on Computational Experiments

摘要

Previous research has shown that the synergy of collaborative herding behavior and market sentiment is one of the internal mechanisms for stock market volatility. In this paper, inter-agent imitation and the simulation of the collaboration of market sentiment signals are conducted on a platform of computational experiments. The results of the experiments show bubbles or collapse of stock price due to notable collaborative herding behavior and certain stability of the relationship between herding behavior and market volatility.