Why a simple herding model may generate the stylized facts of daily returns : explanation and estimation

Westerhoff, Frank H.Frank H.Westerhoff0000-0003-1666-4103Franke, ReinerReinerFranke2019-09-192016-04-2120161860-711Xhttps://fis.uni-bamberg.de/handle/uniba/40339engWhy a simple herding model may generate the stylized facts of daily returns : explanation and estimationarticle10.1007/s11403-014-0140-6