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Short and Long Term Investor Synchronization Caused by Decoupling

The dynamics of collective decision making is not yet well understood. Its practical relevance however can be of utmost importance, as experienced by people who lost their fortunes in turbulent moments of financial markets. In this paper we show how spontaneous collective “moods” or “biases” emerge...

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Detalles Bibliográficos
Autores principales: Roszczynska-Kurasinska, Magda, Nowak, Andrzej, Kamieniarz, Daniel, Solomon, Sorin, Andersen, Jørgen Vitting
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2012
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3517516/
https://www.ncbi.nlm.nih.gov/pubmed/23236385
http://dx.doi.org/10.1371/journal.pone.0050700
Descripción
Sumario:The dynamics of collective decision making is not yet well understood. Its practical relevance however can be of utmost importance, as experienced by people who lost their fortunes in turbulent moments of financial markets. In this paper we show how spontaneous collective “moods” or “biases” emerge dynamically among human participants playing a trading game in a simple model of the stock market. Applying theory and computer simulations to the experimental data generated by humans, we are able to predict the onset of such moments before they actually happen.