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  1. Human vs. machine: disposition effect among algorithmic and human day traders
    Author: Liaudinskas, Karolis
    Published: [2022]
    Publisher:  Norges Bank, Oslo

    This paper studies whether and why algorithmic traders exhibit one of the most broadlydocumented behavioral puzzles - the disposition effect. We use trade data from the NASDAQ Copenhagen Stock Exchange merged with the weather data. We find that on... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 673
    Inter-library loan:
    No inter-library loan

     

    This paper studies whether and why algorithmic traders exhibit one of the most broadlydocumented behavioral puzzles - the disposition effect. We use trade data from the NASDAQ Copenhagen Stock Exchange merged with the weather data. We find that on average, the disposition effect for human traders is substantial and increases significantly on colder days, while for similarly-trading algorithms, it is insignificant and insensitive to the weather. This provides causal evidence of the link between human psychology and the disposition effect and suggests that algorithms can reduce psychology-related human errors. Considering the ongoing AI adoption, this may have broad implications.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788283792355
    Other identifier:
    hdl: 11250/2997502
    hdl: 10419/264948
    Series: Working paper / Norges Bank ; 2022, 6
    Subjects: Disposition effect; Algorithmic trading; High-frequency trading; Decision making; Financial markets; Rationality
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  2. This or that
    a story about choosing
    Author: Andrews, Kell
    Published: [2022]; © 2022
    Publisher:  Tilbury House Publishers, Thomaston

    "Alexander can't decide on a Halloween costume, so he winds up as a pumpkin; he can't decide what to wear to school, so he misses the bus; he can't decide what school lunch to eat, so he winds up with tuna casserole. Alexander's breakthrough comes on... more

    Location:
    Bibliothek der Pädagogischen Hochschule Heidelberg
    Signature:
    U 5de/57
    Inter-library loan:
    No inter-library loan

     

    "Alexander can't decide on a Halloween costume, so he winds up as a pumpkin; he can't decide what to wear to school, so he misses the bus; he can't decide what school lunch to eat, so he winds up with tuna casserole. Alexander's breakthrough comes on his birthday, when he asks for a sundae with everything but then realizes that chocolate swirl is all he wants. After that, Alexander finds his own decision-making style: not as deliberate as his mother or as quick to decide as his father, but somewhere in between. And when he tells his mom he wants a baby brother, he learns that sometimes "you get what you get, and that can be OK too.""--

     
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    Source: Union catalogues
    Contributor: Borlasca, Héctor (KünstlerIn)
    Language: English
    Media type: Book
    Format: Print
    ISBN: 9780884488712; 0884488713
    Subjects: Decision making; Families; Self-confidence; Picture books; Decision making; Families; Self-confidence
    Scope: 36 ungezählte Seiten, 28 cm