The DOI matches its Crossref record; 99 of the 99 references it cites were found in a registry or an index.
The Role of Feelings in Investor Decision-Making
Abstract
Abstract. This paper surveys the research on the influence of investor feelings on equity pricing and also develops a theoretical basis with which to understand the emerging findings of this area. The theoretical basis is developed with reference to research in the fields of economic psychology and decision-making. Recent advancements in understanding how feelings affect the general decision-making of individuals, especially under conditions of risk and uncertainty [e.g. Loewenstein et al. (2001). Psychological Bulletin 127: 267–286], are covered by the review. The theoretical basis is applied to analyze the existing research on investor feelings [e.g. Kamstra et al. (2000). American Economic Review (forthcoming); Hirshleifer and Shumway (2003). Journal of Finance 58 (3): 1009–1032]. This research can be broadly described as investigating whether variations in feelings that are widely experienced by people influence investor decision-making and, consequently, lead to predictable patterns in equity pricing. The paper concludes by suggesting a number of directions for future empirical and theoretical research.
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Cites
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Dorfleitner, G., Priberny, C., Schuster, S., Stoiber, J., Weber, M., de Castro, I., & Kammler, J. (2016) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2015.11.009 · Cited by 308
Agogo, D., & Hess, T. J. (2018) · European Journal of Information Systems · doi:10.1080/0960085x.2018.1435230 · Cited by 121
Application of ensemble of recurrent neural networks for forecasting of stock market sentiments
Maknickiene, N., Lapinskaite, I., & Maknickas, A. (2018) · Equilibrium. Quarterly Journal of Economics and Economic Policy · doi:10.24136/eq.2018.001 · Cited by 23
Metadata
- Authors
- Lucey, B. M., & Dowling, M.
- Venue
- Journal of Economic Surveys
- Publisher
- Wiley
- Published
- 2005-04
- Volume
- 19
- Issue
- 2
- Pages
- 211-237
- ISSN
- 0950-0804 (ISSN-L)
- 1467-6419
- OpenAlex
- W3122944925
- Cited by
- 346
- References
- 99
- FWCI
- 9.66
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
