Herd Behavior in the NASDAQ OMX Baltic Stock Market
This thesis investigates whether the stock market in the Baltic countries exhibit herd behavior during the period 2006-2014. A quantitative approach is used to see if investors show group oriented mentality in Estonia, Latvia, and Lithuania, and in the Baltics as whole. This is further complemented with a qualitative approach. The quantitative part is based on a market wide approach. The models pr