Showing 1 - 10 of 23
In this paper, we study individual trading behaviors by cumulative trading volume distribution over a price range. We select intraday volume distribution as individual revealed preferences over a price range and determine beliefs by the maximum volume price in stock market. We propose a coherent...
Persistent link: https://www.econbiz.de/10012861831
We study individual coherent preferences underlying asset prices and propose a set of explicit models for nonlinear V-shaped price pressure utility in a new framework. Coherent preferences are consistent interactive choices between momentum trading and reversal trading in stock market where...
Persistent link: https://www.econbiz.de/10012854377
This paper applies a price-volume probability wave differential equation to examine an interacting traders’ preference hypothesis using tick-by-tick high frequency data in Chinese stock market, and provides a new behavioral interpretation on the market dynamic equilibrium. We select intraday...
Persistent link: https://www.econbiz.de/10013295167
This is the revised presentation slides for the paper entitled “what is the underlying coherent behavior in market dynamic equilibrium?” after we have got feedbacks from anonymous referees, discussants, session chairs, and participants at 2022 Economics of Financial Technology Conference...
Persistent link: https://www.econbiz.de/10013406026
Both laboratory and field evidence suggest that people tend to voluntarily incur costs to punish non-cooperators. While costly punishment typically reduces the average payoff as well as promotes cooperation. Why does the costly punishment evolve? We study the role of punishment in cooperation...
Persistent link: https://www.econbiz.de/10015225573
Both laboratory and field evidence suggest that people tend to voluntarily incur costs to punish non-cooperators. While costly punishment typically reduces the average payoff as well as promotes cooperation. Why does the costly punishment evolve? We study the role of punishment in cooperation...
Persistent link: https://www.econbiz.de/10008836432
We develop a theoretical trading conditioning model subject to price volatility and return information in terms of market psychological behavior, based on analytical transaction volume-price probability wave distributions in which we use transaction volume probability to describe price...
Persistent link: https://www.econbiz.de/10008542565
Motivated by how transaction amount constrain trading volume and price volatility in stock market, we, in this paper, study the relation between volume and price if amount of transaction is given. We find that accumulative trading volume gradually emerges a kurtosis near the price mean value...
Persistent link: https://www.econbiz.de/10008478646
We measure crowd's decision weights in trading by cumulative trading volume distribution and determine a reference price about crowd's assessment value of an individual stock by the maximal volume price in stock market. We assume that prospect theory traders derive behavioral utility in trading...
Persistent link: https://www.econbiz.de/10013032113
We measure crowd's decision weights in trading by trading volume distribution and determine a reference price about crowd's assessment value of an individual stock by the maximum volume price in stock market. We examine a reference-dependent preferences hypothesis in trading by two sets of...
Persistent link: https://www.econbiz.de/10013032143