The Herd Behavior of the open-ended funds is just a case in point.

开放式基金的“羊群行为”就是其中一种。

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The herd behavior of investors will disturb stock prices, which affects the stability of the stock market.

证券市场上投资者的羊群行为会使股价发生波动，影响证券市场的稳定。

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The results indicate that even if every investor is full rational, the herd behavior of investors may result in the bounded rationality of group trading.

研究结论表明，虽然每个投资者完全理性，但羊群行为可能导致投资者表现出群体的有限理性。

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In the short run, at least, the herd behavior of the pros makes it even harder for you to take a winning bet against the "speculative element" in a stock's price.

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Emotional investors behave like a herd copying and replicating the behavior of one another, fearing that they will miss out on a market uptrend or be crashed in the market downtrend.

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Analysts get close to the government entities and companies under their coverage, making analysts more sympathetic to the securities they are covering. (Not to mention making it easier to miss the forest for all the trees.) Analysts also succumb to herd behavior, meaning they are unlikely to create a forecast or reach a conclusion that is significantly different from that of their peers.

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