It sets out to explore whether herding endogenously induces correlations in security returns.
Herding comes about when people begin caring for the animals as individuals.
There were controls on grazing such as between dry and wet season grazing, and collective sanctions were imposed against any individual herding prematurely.
Indigenous stockowners have been compelled to undertake herding activities in groups.
This herding reduces the likelihood that each journalist will investigate and write a particular story.
Herding distances are scarcely further than five kilometres from the villages.
In existing herding models, either a crisis happens or it does not.
The structure of the model is rather simple and is meant to grasp the "raw" implications of herding for the fluctuations of asset prices.
