Showing 1 - 10 of 1,431
Investors increasingly can obtain assistance from “robo-advisors,” artificial intelligence–enabled digitalized service agents imbued with anthropomorphic design elements that can communicate using natural language. The present article considers the impact of anthropomorphized robo-advisors...
Persistent link: https://www.econbiz.de/10013241153
Are market agents more or less moral in times of crisis? Using the COVID-19 pandemic as a natural experiment, we provide causal evidence for an increase in social responsibility and propose moral consistency and risk preferences as behavioral drivers. Two experiments conducted before and during...
Persistent link: https://www.econbiz.de/10013241728
Investors increasingly can obtain assistance from "robo-advisors," artificial intelligence - enabled digitalized service agents imbued with anthropomorphic design elements that can communicate using natural language. The present article considers the impact of anthropomorphized robo-advisors on...
Persistent link: https://www.econbiz.de/10012500401
Using a representative sample of 400 Slovaks, the study investigated the mediating role of subjective perception of financial threat to the relation between psychological resources and behavioural responses in the adaptation to financial stress posed by the COVID-19. The results showed that...
Persistent link: https://www.econbiz.de/10012507525
We study the stock market impact of one physiological factor, sleeplessness due to watching World Cup games overnight, and two psychological factors, distraction from games during trading hours and mood changes due to wins and losses of the games. We uncover significantly negative effects of...
Persistent link: https://www.econbiz.de/10012913734
We develop a framework for natural resource valuation that directly addresses the fundamental collective action problem in environmental protection. Our framework uses the lessons of behavioral economics to create values that individual decision makers find credible and relatable, in addition to...
Persistent link: https://www.econbiz.de/10012606984
Bitcoin is regularly referred to as new gold, digital gold or gold 2.0. If Bitcoin is indeed gold-like the correlation of Bitcoin and gold returns should be positive. We estimate the correlation of the two assets across time, across different return frequencies and across quantiles and find a...
Persistent link: https://www.econbiz.de/10013218574
We study the effects of a direct high-speed rail (HSR) service between two cities on investors and firms in China. We find that, after an HSR introduction, investors make more cross-city searches and block purchases of firms in connected cities. An HSR introduction also leads to less co-movement...
Persistent link: https://www.econbiz.de/10013219099
This paper examines the distributional properties of cryptocurrency realized variation measures (RVM) and the predictability of RVM on future returns. We show the cryptocurrency volatility persistence and the importance of the asymmetry on volatility forecasting. Signed jumps variations...
Persistent link: https://www.econbiz.de/10013214000
This paper introduces a new sentiment-augmented asset pricing model and provides a com-prehensive understanding of the role of this sentiment-driven risk factors. We find that news andsocial media search-based indicators are significantly related to excess returns of internationalequity...
Persistent link: https://www.econbiz.de/10012832768