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Mind, body, bubble! : psychological and biophysical dimensions of behavior in experimental asset markets
Butler, David J.; Cheung, Stephen L. - 2018
efficiency, while incidental emotions can impair it. Signals in specific brain areas can be a trigger precipitating a bubble …
Persistent link: https://www.econbiz.de/10011870688
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When the market drives you crazy : stock market returns and fatal car accidents
Giulietti, Corrado; Tonin, Mirco; Vlassopoulos, Michael - 2018
falsification tests support a causal interpretation of this finding. Our results are consistent with immediate emotions stirred by a …
Persistent link: https://www.econbiz.de/10011888614
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When the market drives you crazy : stock market returns and fatal car accidents
Guilietti, Corrado; Tonin, Mirco; Vlassopoulos, Michael - 2018
tests support a causal interpretation of this finding. Our results are consistent with immediate emotions stirred by a …
Persistent link: https://www.econbiz.de/10011893801
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When the market drives you crazy : stock market returns and fatal car accidents
Giulietti, Corrado; Tonin, Mirco; Vlassopoulos, Michael - 2018
tests support a causal interpretation of this finding. Our results are consistent with immediate emotions stirred by a …
Persistent link: https://www.econbiz.de/10012130659
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The impact of ethical feedback on moral emotions and managerial behavior : a labor market experiment
Gaudeul, Alexia; Gangl, Katharina; Kirchkamp, Oliver; … - 2024
We investigate the influence of ethical feedback on decision-makers' behavior, focusing on the role of emotions in … mediating this relationship. We examine how emotions generated by ethical feedback impact subsequent decisions in a laboratory … mediated by emotions. This research is pioneering in linking emotions to ethical decisions in a controlled environment. The …
Persistent link: https://www.econbiz.de/10014467617
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Learning in a complex world : insights from an OLG lab experiment
Hommes, Cars H.; Huber, Stefanie J.; Minina, Daria; … - 2023 - Last updated: February 21, 2023
This paper brings novel insights into group coordination and price dynamics in complex environments. We implement an overlapping-generation model in the lab where output dynamics are given by the well-known chaotic quadratic map. This model structure allows us to study previously unexplored...
Persistent link: https://www.econbiz.de/10014231727
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Human vs. machine: disposition effect among algorithmic and human day traders
Liaudinskas, Karolis - 2022
This paper studies whether and why algorithmic traders exhibit one of the most broadlydocumented behavioral puzzles - the disposition effect. We use trade data from the NASDAQ Copenhagen Stock Exchange merged with the weather data. We find that on average, the disposition effect for human...
Persistent link: https://www.econbiz.de/10013207355
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Attention and biases : evidence from tax-inattentive investors
Birru, Justin; Chague, Fernando; De-Losso, Rodrigo; … - 2019
We first provide evidence of some retail investors taking real trading (selling) decisions which are clearly sub-optimal even from an ex-ante perspective. We then show that these investors also exhibit stronger investment biases, namely, the disposition effect, underdiversification, preference...
Persistent link: https://www.econbiz.de/10012120317
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Compensation schemes, liquidity provision, and asset prices : an experimental analysis
Baghestanian, Sascha; Gortner, Paul; Massenot, Baptiste - 2015
In an experimental setting in which investors can entrust their money to traders, we investigate how compensation schemes affect liquidity provision and asset prices. Investors face a trade-off between risk and return. At the benefit of a potentially higher return, they can entrust their money...
Persistent link: https://www.econbiz.de/10010530580
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Thar she blows again : reducing anchoring rekindles bubbles
Baghestanian, Sascha; Walker, Todd B. - 2014
We investigate the relationship between anchoring and the emergence of bubbles in experimental asset markets. We show that setting a visual anchor at the fundamental value (FV) in the first period only is sufficient to eliminate or to significantly reduce bubbles in laboratory asset markets. If...
Persistent link: https://www.econbiz.de/10010365125