We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
L’émergence de biais comportementaux en situation de trading : une étude exploratoire.
- Authors
Finet, Alain; Kristoforidis, Kevin; Viseur, Robert
- Abstract
Models for understanding stock markets mainly focus on fundamental and technical approaches, while also referring to behavioural finance, but little has been developed on psychological biases from a qualitative approach, particularly for small investors. Given that information processing is easier for institutional players and that technical tools have very variable levels of operationality, the small investor is often left to his own devices, influenced by elements that go beyond the framework of rationality. Our analysis focuses on behavioural biases involved by emotional fields that could influence the decision-making process of small investors. To this end, we mobilized a group of 15 students in a continuous trading situation during a stock market week. This experiment corresponded to a specific stock market context; nevertheless, the participants were subjected to emotional loads leading to the emergence of some behavioral biases. Our conclusions showed that these biases can, in certain cases, induce a process of financial value creation.
- Subjects
BEHAVIORAL economics; STOCK exchanges; EMOTIONS
- Publication
Recherches en Sciences de Gestion, 2021, Issue 146, p147
- ISSN
2259-6372
- Publication type
Article