Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32092 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorSalzman, Diegoen
dc.contributor.authorTrifan, Emanuelaen
dc.date.accessioned2006-05-04-
dc.date.accessioned2010-05-14T11:57:23Z-
dc.date.available2010-05-14T11:57:23Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/32092-
dc.description.abstractThis paper presents a model in which rational and emotional investors are compelled to make decisions under uncertainty in order to ensure their survival. Using a neurofinancial setting, we show that, when different investor types fight for market capital, emotional traders tend not only to influence prices but also to have a much more developed adaptive mechanism than their rational peers, in spite of their apparently simplistic demand strategy and distorted revision of beliefs. Our results imply that prices in financial markets could be seen more accurately as a thermometer of the market mood and emotions rather than as simple informative signals as stated in traditional financial theory.en
dc.language.isoengen
dc.publisher|aTechnische Universität Darmstadt, Department of Law and Economics |cDarmstadten
dc.relation.ispartofseries|aDarmstadt Discussion Papers in Economics |x166en
dc.subject.jelG1en
dc.subject.ddc330en
dc.subject.keywordJudgement under uncertaintyen
dc.subject.keywordBayesian Inferenceen
dc.subject.keywordBehavioral Financeen
dc.subject.keywordDecision Makingen
dc.subject.keywordEmotionsen
dc.titleEmotions, Bayesian inference, and financial decision making-
dc.typeWorking Paperen
dc.identifier.ppn511221452en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:darddp:dar_28163en

Files in This Item:
File
Size
696.48 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.