Do psychological fallacies influence trading in financial markets? Evidence from the foreign exchange market
(2017)
Journal Article
Bleaney, M., Bougheas, S., & Zhiyong, L. (2017). Do psychological fallacies influence trading in financial markets? Evidence from the foreign exchange market. Journal of Behavioral Finance, 18(3), 344-357. https://doi.org/10.1080/15427560.2017.1331234
Research in both economics and psychology suggests that, when agents predict the next value of a random series, they frequently exhibit two types of biases, which are called the gambler’s fallacy (GF) and the hot hand fallacy (HHF). The gambler’s fal... Read More about Do psychological fallacies influence trading in financial markets? Evidence from the foreign exchange market.