Petersen, Gesa-Kristina; Spickers, Theresa - 2023
Financial markets and economic conditions induce stress, but does stress, in turn, have a causal effect on investor … acute stress, which we measure with cortisol levels, heart rates, and self-assessments. We find that stressed investors seek … conformity, which translates into herding and prolonged price bubbles, although bubble magnitude remains unaffected by stress …