Do psychological fallacies influence trading in financial markets? Evidence from the foreign exchange market

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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...

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Bibliographic Details
Main Authors:	Bleaney, Michael, Bougheas, Spiros, Zhiyong, Li
Format:	Article
Published:	Taylor & Francis 2017
Subjects:	gambler's fallacy hot hand fallacy foreign exchange market
Online Access:	https://eprints.nottingham.ac.uk/31764/

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