1,720,954 research outputs found
Duration Disparity in Losing versus Winning Forex Trades: Evidence from Individual Traders' Behavior
Get PDFThis paper delves into the realm of behavioral finance, drawing upon existing academic literature, research studies, and laboratory experiments to underscore the impact of psychological biases on decision-making processes. However, empirical investigations pertaining to trading behavior, particularly in the context of an escalating number of individual traders, remain scarce. To address this gap, the present study examines a substantial dataset comprising foreign exchange transactions executed by Bulgarian individual traders over a five-year period. Leveraging my prior experience as a capital and forex markets dealer, my objective was to deconstruct my own decision-making and establish a straightforward guideline for mitigating psychological influences on trading behavior. Consequently, this study employs the principles and tools of behavioral finance to scrutinize the extensive trading dataset, aiming to provide empirical support for the composite and intricate effects of loss aversion bias, status quo, endowment effect, and loss attention biases on forex traders' decision-making and their subsequent trading outcomes and returns. Specifically, the research centers on the analysis of time duration disparities between winning and losing trades, elucidating the interrelationship between these ratios and the trading performance of Bulgarian individual forex traders. To the best of the author's knowledge, the investigation into the time duration of winning and losing trades represents a novel addition to existing trading statistical ratios, serving as a means to substantiate and interpret the psychological influences on individual traders' trading outcomes. This pioneering research builds upon two prior behavioral finance studies conducted by the author and an fMRI study exploring distinct patterns of brain activation in response to real and hypothetical monetary outcomes.
 
Duration Disparity in Losing versus Winning Forex Trades: Evidence from Individual Traders' Behavior
No full textThis paper delves into the realm of behavioral finance, drawing upon existing academic literature, research studies, and laboratory experiments to underscore the impact of psychological biases on decision-making processes. However, empirical investigations pertaining to trading behavior, particularly in the context of an escalating number of individual traders, remain scarce. To address this gap, the present study examines a substantial dataset comprising foreign exchange transactions executed by Bulgarian individual traders over a five-year period. Leveraging my prior experience as a capital and forex markets dealer, my objective was to deconstruct my own decision-making and establish a straightforward guideline for mitigating psychological influences on trading behavior. Consequently, this study employs the principles and tools of behavioral finance to scrutinize the extensive trading dataset, aiming to provide empirical support for the composite and intricate effects of loss aversion bias, status quo, endowment effect, and loss attention biases on forex traders' decision-making and their subsequent trading outcomes and returns. Specifically, the research centers on the analysis of time duration disparities between winning and losing trades, elucidating the interrelationship between these ratios and the trading performance of Bulgarian individual forex traders. To the best of the author's knowledge, the investigation into the time duration of winning and losing trades represents a novel addition to existing trading statistical ratios, serving as a means to substantiate and interpret the psychological influences on individual traders' trading outcomes. This pioneering research builds upon two prior behavioral finance studies conducted by the author and an fMRI study exploring distinct patterns of brain activation in response to real and hypothetical monetary outcomes.
Chinese dream and middle way limits
Get PDFUntil 1978 China had a class struggling model of development. After years of bad experience, it was only natural to leave that model and to focus on the economical development of the country The Ruling party of China decided to take The Middle Way of economical development, combining the leading role of the communist party and capitalistic market economy. Chinese people were used to The Middle Way because of ancient history, local psychology and the prevailing mixture of Daoist and Confucian philosophy. The philosophical and psychological tendency of Chinese people to tend to find a Middle Way and reasoning, is very much different than the western thinking, which is based on finding always right way and contradiction. In this paper, we will discuss foundations and limitations of the Chinese Middle Way Model and whether it is really the most natural way for China. Also, we are trying to foresee the future development of the Chinese model and the limitations of the Middle Way Reasoning and its implications to the growth and exponentially of the 21st century
FOMO effect: social media and online traders
Get PDFThe pervasive and omnipresent penetration of the Internet in our lives is inevitably changing our behaviour and the financial industry as such. This study discusses the psychological phenomenon known as the ‘Fear of Missing Out’ (FOMO) by elucidating its psychological basis and definition and why and how its effects are amplified under the influence of social media and social trading media. The study will demonstrate how FOMO and human interaction with social media and social trading networks can lead to irrational decision-making, financial risk-taking, and harm to personal and family wealth and psychological well-being. It emphasizes the importance of recognizing these effects and making more rational and informed choices in trading and investment to avoid gambling behaviour, copy investing, and trading, following the traders in the social trading network, which leads to excessive risk-taking. This study aims to utilize the advancements in behavioural finance and neural processes to explain the mechanism and impact of FOMO, trying to give a basis to safeguard individual e-traders from financial market errors and protect their personal and family wealth
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
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