This paper sets up a credit risk model of reputational herding behavior in commercial banks and followed by the Bayes rule, some equilibrium conclusions are deduced.

Simulation on herd behaviors and behavior groups in case of exigency of social safety by use of cellular automata model;

Empirical research on herd behavior of security investment fund in China based on LSV and TSP (1999-2004);

A herd behavior model of noise signal in the securities market;

Academic research survey of herding behavior in financial markets;

The Game Theory Analysis on Herding Behavior in Security Market;

An Empirical Analysis on the Herding Behavior of Chinese Institutional Investors;

A new approach is employed to test herding towards the market portfolio,which is based on the cross-sectional dispersion of the factor loading of asset pricing model within Shanghai stock market.

Because of uncertainty in real stock market, fund managers have reputation-based herding and compensation-based herding, which will make them act following others but neglect their own information.

Herding behavior is one of baffling phenomenon that is called“Market Anomaly”on financial market.

A serious problem in the past researches on herding behavior in stock market is that it fails to distinguish genuine herding from pseudo herding.