Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | History Matters: How Short-Term Price Charts Hurt Investment Performance |
| Organization Unit | |
| Authors |
|
| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
|
| Journal Title | Journal of Banking and Finance |
| Publisher | Elsevier |
| Geographical Reach | international |
| ISSN | 0378-4266 |
| Volume | 134 |
| Page Range | 106351 |
| Date | 2022 |
| Abstract Text | When making investment decisions, people rely heavily on price charts displaying the past performance of an asset. Price charts can come with any time frame, which the provider might strategically choose. We analyze the impact of the time frame on retail investors’ behavior, particularly trading activity and risk-taking, in a controlled experiment with 1041 retail investors. We find that shorter time frames are associated with more trading activity, resulting in higher transaction fees and investor welfare losses. However, the time frame does not affect average risk-taking. |
| Free access at | DOI |
| Digital Object Identifier | 10.1016/j.jbankfin.2021.106351 |
| Other Identification Number | merlin-id:21780 |
| PDF File |
Download from ZORA
|
| Export |
BibTeX
EP3 XML (ZORA)
|