Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: Analyzing Herd Behavior in Global Stock Markets: An Intercontinental
  Comparison   Herd behavior is an important economic phenomenon, especially in the context
of the recent financial crises. In this paper, herd behavior in global stock
markets is investigated with a focus on intercontinental comparison. Since most
existing herd behavior indices do not provide a comparative method, we propose
a new herd behavior index and demonstrate its desirable properties through
simple theoretical models. As for empirical analysis, we use global stock
market data from Morgan Stanley Capital International to study herd behavior
especially during periods of financial crises in detail.

34
The categories of this paper are: chem-ph
9
The categories of this paper are: nlin
21
The categories of this paper are: adap-org
11
The categories of this paper are: hep-lat
14
The categories of this paper are: math-ph
30
The categories of this paper are: q-alg
4
The categories of this paper are: cond-mat
36
The categories of this paper are: cmp-lg
7
The categories of this paper are: hep-th
28
The categories of this paper are: alg-geom
25
The categories of this paper are: patt-sol
19
The categories of this paper are: eess
16
The categories of this paper are: stat
35
The categories of this paper are: mtrl-th
23
The categories of this paper are: solv-int
5
The categories of this paper are: gr-qc