ANIMAL BEHAVIOR
INTRODUCTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Animals living and existing and breeding within a group of the same species
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Describes how individuals in a group can act collectively without centralized direction
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A highly stereotyped pattern of behavior that is characteristic of a particular species
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A seasonal movement of animals from one region to another
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Detailed explanation-1: -Herd describes how individuals in a group can act collectively without centralized direction. The herd behavior on stock markets implies that investors ignore their own ideas in stock trading decisions and trade in the direction of the market.
Detailed explanation-2: -Herding can be defined as the phenomenon of individuals deciding to follow others and imitating group behaviours rather than deciding independently and atomistically on the basis of their own, private information.
Detailed explanation-3: -Herd behavior in humans is a social behavior that is caused when individuals subjugate their individual will, thoughts, and behaviors to the majority, the group, or herd. Herding does not require a leader; it just requires individuals coming together at the same time to act.
Detailed explanation-4: -Human herd behavior can be observed at large-scale demonstrations, riots, strikes, religious gatherings, sports events, and outbreaks of mob violence. When herd behavior sets in, an individual person’s judgment and opinion-forming process shut down as he or she automatically follows the group’s movement and behavior.
Detailed explanation-5: -Examples of herd behaviour might include: Choosing items off a menu in a restaurant when part of a group. Herd behaviour of investors in financial markets-e.g. a stampede to sell when prices start falling. Binge drinkers going on holiday with each other.