We analyze 6,500 trades placed by 160 students in a semester-long currency trading game, administered through individual demo accounts of an online currency broker. We find strong disposition effect in almost every group. The effect seems to be stronger among females. There is no indication that the effect attenuates with trader’s experience or education.
title = "Disposition Effect in Experimental Currency Trading",
abstract = "We analyze 6,500 trades placed by 160 students in a semester-long currency trading game, administered through individual demo accounts of an online currency broker. We find strong disposition effect in almost every group. The effect seems to be stronger among females. There is no indication that the effect attenuates with trader{\textquoteright}s experience or education.",
author = "Marek Jochec and Hana Dvo{\v r}{\'a}{\v c}kov{\'a}",
year = "2017",
language = "English",
type = "WorkingPaper",
}
TY - UNPB
T1 - Disposition Effect in Experimental Currency Trading
AU - Jochec, Marek
AU - Dvořáčková, Hana
PY - 2017
Y1 - 2017
N2 - We analyze 6,500 trades placed by 160 students in a semester-long currency trading game, administered through individual demo accounts of an online currency broker. We find strong disposition effect in almost every group. The effect seems to be stronger among females. There is no indication that the effect attenuates with trader’s experience or education.
AB - We analyze 6,500 trades placed by 160 students in a semester-long currency trading game, administered through individual demo accounts of an online currency broker. We find strong disposition effect in almost every group. The effect seems to be stronger among females. There is no indication that the effect attenuates with trader’s experience or education.
KW - disposition effect
KW - behavioral finance
M3 - Working paper
BT - Disposition Effect in Experimental Currency Trading