We develop a rational model of trading behavior in which the agents gradually learn about their ability to trade, and … exit after poor trading performance. We demonstrate that it is optimal for experienced traders to "procrastinate" and … decisions produce non-trivial and non-monotonic population-wide linkages between performance, exits, and trading experience …

culture and personality of traders in a financial trading task. Participants were given 12 virtual shares of financial assets …. Western participants had lower trading latencies and lower return dispersions than Eastern participants. Those with greater … openness to experience had lower trading latencies. Participants bought more shares when they forecast that prices would rise …

, greater trading volume, and smaller price impact. Limit and market order submission behavior changes when hidden liquidity is … increased trading volume when hidden liquidity is present are both consistent with liquidity externalities. -- Hidden Liquidity …

company’s stock price to drop by as much as 76 percent in just a few minutes, before NASDAQ halted trading. After the “news … that, after three trading sessions, the company’s stock was still trading below the two-standard-deviation confidence band … implied by the model and that it returned to within one standard deviation only during the sixth trading session. On the …

. The standard case of no residual uncertainty and noise trading following a random walk is on the frontier of the two … reversal. -- efficient market hypothesis ; long and short-term trading ; average expectations ; higher order beliefs ; over …

trading volumes and big changes in prices frequently traded at market closing times. This paper proposes a more robust … estimation of market returns by providing a new indicator that accounts for the information content in prices and trading volumes … return ; trading volumes ; international transmission of news ; GARCH …