Through the quantitative analysis on irrational herd behavior of closed-end fund,this paper probes into whether or not the close-ended fund can stabilize the market since 2006,and finds that the closed-ended fund shows stronger irrational herd behavior when it faces the risks,and also finds that the diversified investing behaviors are more favorable for therise of the market.

This paper put forwards the measures of rational and irrational herding of stock market,which are used to compare the herding difference between different stock markets.

Empirical analysis of "herd behavior" in SME Board of China;

Analysis of Herd Behavior in Portfolio Investment;

Herd Behavior of Mutual Funds: Causation and Suggestion;

The Research on the Irrational Factors Impacting on Herding of Individual Investors;

When demand risk does not exist, the static state Nash equilibrium exists in the game and the herding does not take place; when demand risk exists, under the guidance of government s administration predilection to s.

The higher the herding in the formation period is, the higher the abnormal returns one quarter, half year and one year before the formation period and during the formation period are, vice versa.

This article analyzes the herding behavior of various kinds of investors and their influence on each other.

In order to research the herding behavior in overseas listing of Private Enterprises in Linyi,the paper analyzes the case from five different aspects,and suggests that multi-layer capital market should be constructed.

The paper finds that there is a positive feedback trading,showing herding behavior between institutional investors,and also the short-time trading exhibits a characteristic of momentum investing.