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 …

Do individual investors have better information about local stocks? Our results demonstrate that they do. Large trading …

In a dynamic model of financial market trading multiple heterogeneously informed traders choose when to place orders …. This behavior generates intraday patterns with decreasing spreads, decreasing probability of informed trading (PIN), and …

market. Eight simple rules of trading are tested in five markets. Only long positions are tracked and reported. When neither …

Several trading rules are analyzed using all daily returns on every Ibex future contracts, since market data from MEFF …. Results show that if the investor follows the analyzed trading strategies, he or she will get a better return than the index … these trading strategies. In a formal test, signals from these rules are included in an OLS model trying to explain daily …