Herding is one of the most important concepts in cognitive economics, especially as applied to fi nancial markets. Th is paper presents an interdisciplinary integrative literature review of the herding concept, discusses the salient diff erences between diff erent ways of conceptualizing herding, and argues for the advantages of the socionomic perspective on herding, a new theory that sees herding as a process having evolutionary, prerational and predictable aspects. Th e paper fi rst

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... the literature regarding diverse theoretical approaches to the concept of herding: social psychological approaches; information theory and cybernetic approaches; ethological and biological approaches; econophysics approaches; medical model approaches; and the socionomic model.