• 1. the herd behavior: 从众行为
• 2. the portfolios herd behavior: 板块羊群效应

• 1.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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• 2.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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• 3.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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