Do psychological fallacies influence trading in financial markets? Evidence from the foreign exchange market
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 fallacy is to expect a negative correlation in a proc...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis
2017
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| Online Access: | http://eprints.nottingham.ac.uk/31764/ http://eprints.nottingham.ac.uk/31764/1/BleaneyBougheasLi.November.JBehFin.Feb2016.pdf |