Why a Simple Herding Model May Generate the Stylized Facts of Daily Returns : explanation and estimation

Westerhoff, Frank H.Frank H.Westerhoff0000-0003-1666-41032019-09-192014-04-302011https://fis.uni-bamberg.de/handle/uniba/4853engWhy a Simple Herding Model May Generate the Stylized Facts of Daily Returns : explanation and estimationworkingpaper