of sheep, India; a classic example of the domestic herding of animals.]]
at the Ngorongoro Crater; an example of a herd in the wild.]]
Herd refers to a social grouping of certain animals of the same species, either wild or domestic, and also to the form of collective animal behavior associated with this (referred to as herding) or as a verb, to herd, to its control by another species such as humans or dogs.
The term herd is generally applied to mammals, and most particularly to the grazing ungulates that classically display this behaviour. Different terms are used for similar groupings in other species; in the case of birds, for example, the word is flocking, but flock may also be used, in certain instances, for mammals, particularly sheep or goats. Large groups of carnivores are usually called a packs, and in nature a herd is classically subject to predation from pack hunters.
Special collective nouns may be used for particular taxa (for example a flock of geese, if not in flight, is sometimes called a gaggle) but for theoretical discussions of behavioural ecology, the generic term herd can be used for all such kinds of assemblage.
The word herd, as a noun, can also refer to one who controls, possesses and has care for such groups of animals when they are domesticated. Examples of herds in this sense include shepherds (who tend to sheep), goatherds (who tend to goats), cowherds (who tend cattle), and others.
When an association of animals (or, by extension, people) is described as a "herd", the implication is that the group tends to act together (for example, all moving in the same direction at a given time), but that this does not occur as a result of planning or co-ordination. Rather, each individual is choosing behaviour that corresponds to that of the majority of other members, possibly through imitation or possibly because all are responding to the same external circumstances. A herd can be contrasted with a co-ordinated group where individuals have distinct roles. Many human groupings, such as army detachments or sports teams, show such co-ordination and differentiation of roles, but so do some animal groupings such as those of eusocial insects, which are co-ordinated through pheromones and other forms of animal communication.
The question of why animals group together is one of the most fundamental in sociobiology and behavioural ecology. As noted above, the term "herd" is most commonly used of grazing animals such as ungulates, and in these cases it is believed that the strongest selective pressure leading to herding rather than a solitary existence is protection against predators. There is clearly a tradeoff involved, since on the one hand a predator may hesitate to attack a large group of animals, while on the other a large group offers an easily detected target. It is generally believed that the most important protective factor is risk dilution - even if a predator attacks the herd, the risk for any individual that it will be the victim is greatly reduced. In the case of predators, it is often unclear whether the term "herd" is appropriate, since there may be some degree of co-ordination or role differentiation in group hunting. Predator groups are commonly smaller than grazing groups, since although a pack may be more effective at pulling down prey than a single animal, the prey then has to be shared between all members, so that the weaker animals will often be better off hunting smaller prey on their own.
gaggle may contain thousands.]]
The term has acquired a semi-technical usage in behavioral finance to describe the largest group of market investors or market speculators who tend to 'move with the market,' or 'follow the general market trend.' This is at least a plausible example of genuine herding, though according to some researchers it results from rational decisions through processes such as information cascade and rational expectations. Other researchers, however, ascribe it to non-rational process such as mimicry, fear and greed contagion. "Contrarians" or contrarian investors are those who deliberately choose to invest or speculate counter to the "herd".
This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
The World News (WN) Network, has created this privacy statement in order to demonstrate our firm commitment to user privacy. The following discloses our information gathering and dissemination practices for wn.com, as well as e-mail newsletters.
We do not collect personally identifiable information about you, except when you provide it to us. For example, if you submit an inquiry to us or sign up for our newsletter, you may be asked to provide certain information such as your contact details (name, e-mail address, mailing address, etc.).
When you submit your personally identifiable information through wn.com, you are giving your consent to the collection, use and disclosure of your personal information as set forth in this Privacy Policy. If you would prefer that we not collect any personally identifiable information from you, please do not provide us with any such information. We will not sell or rent your personally identifiable information to third parties without your consent, except as otherwise disclosed in this Privacy Policy.
Except as otherwise disclosed in this Privacy Policy, we will use the information you provide us only for the purpose of responding to your inquiry or in connection with the service for which you provided such information. We may forward your contact information and inquiry to our affiliates and other divisions of our company that we feel can best address your inquiry or provide you with the requested service. We may also use the information you provide in aggregate form for internal business purposes, such as generating statistics and developing marketing plans. We may share or transfer such non-personally identifiable information with or to our affiliates, licensees, agents and partners.
We may retain other companies and individuals to perform functions on our behalf. Such third parties may be provided with access to personally identifiable information needed to perform their functions, but may not use such information for any other purpose.
In addition, we may disclose any information, including personally identifiable information, we deem necessary, in our sole discretion, to comply with any applicable law, regulation, legal proceeding or governmental request.
We do not want you to receive unwanted e-mail from us. We try to make it easy to opt-out of any service you have asked to receive. If you sign-up to our e-mail newsletters we do not sell, exchange or give your e-mail address to a third party.
E-mail addresses are collected via the wn.com web site. Users have to physically opt-in to receive the wn.com newsletter and a verification e-mail is sent. wn.com is clearly and conspicuously named at the point of
collection.If you no longer wish to receive our newsletter and promotional communications, you may opt-out of receiving them by following the instructions included in each newsletter or communication or by e-mailing us at michaelw(at)wn.com
The security of your personal information is important to us. We follow generally accepted industry standards to protect the personal information submitted to us, both during registration and once we receive it. No method of transmission over the Internet, or method of electronic storage, is 100 percent secure, however. Therefore, though we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security.
If we decide to change our e-mail practices, we will post those changes to this privacy statement, the homepage, and other places we think appropriate so that you are aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it.
If we make material changes to our e-mail practices, we will notify you here, by e-mail, and by means of a notice on our home page.
The advertising banners and other forms of advertising appearing on this Web site are sometimes delivered to you, on our behalf, by a third party. In the course of serving advertisements to this site, the third party may place or recognize a unique cookie on your browser. For more information on cookies, you can visit www.cookiecentral.com.
As we continue to develop our business, we might sell certain aspects of our entities or assets. In such transactions, user information, including personally identifiable information, generally is one of the transferred business assets, and by submitting your personal information on Wn.com you agree that your data may be transferred to such parties in these circumstances.