The Methodology of Systemic Risk

John Davis of the University of Amsterdam and Marquette University and Wade Hands of the University of Puget Sound were awarded a grant by the Institute for New Economic Thinking to conduct research on herding behavior in the economics and professional investment community.

The grant will cover the staging of a workshop organized and co-sponsored by the Journal of Economic Methodology to examine the economics methodology basis for ‘dominance’ producing ‘herding’ propensities in theories, models, and policies in both the academic economics and institutional investment professions.

The planned output is a special issue of the journal and a follow-up expanded book published by Routledge that would include comments by leading economists and financial experts on the original workshop and special journal issue contributions.

Professor of Economics
Marquette University and University of Amsterdam
University of Puget Sound