Does the cryptocurrency market exhibits feedback trading?

被引：0

作者：

Jordao da Gama Silva, Paulo Vitor ^{[1
]}

Neto, Augusto F. C. ^{[2
]}

Klotzle, Marcelo Cabus ^{[1
]}

Figueiredo Pinto, Antonio Carlos ^{[1
]}

Gomes, Leonardo Lima ^{[3
]}

机构：

[1] Pontifical Catholic Univ Rio de Janeiro, Rio De Janeiro, Brazil

[2] Pontificia Univ Catolica Rio de Janeiro, Rio de Janeiro, Brazil

[3] Pontificia Univ Catolica Rio de Janeiro, IAG, Rio de Janeiro, Brazil

来源：

ECONOMICS BULLETIN | 2019年 / 39卷 / 04期

关键词：

STOCK RETURNS; TRADERS; VOLUME; IMPACT; MODEL;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Research has shown that behavioral anomalies affect investors' choices and decisions in the financial markets. One such behavioral anomaly is feedback trading, a phenomenon wherein the investor uses past data to make future decisions. Using Sentana and Wadhwani's (1992) methodology, the 50 most liquid digital currencies (with the most extensive daily data reporting) were analyzed during the period 2013-2018. Results analysis suggests negative feedback trading in Tether Dollar and positive feedback trading in Bitcoin, Ethereum, CassinoCoin and ECC.

引用

页码：2830 / 2838

页数：10

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