Absolute Stock Returns and Trading Volumes: Psychological Insights
The present study explores the effect of anchoring on stock trading volumes. I hypothesize that if on the days when the market index rises (falls), a given stock's return is higher (lower) than the market return, potentially perceived as a psychological "anchor", then investor...
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| Format: | Article |
| Language: | English |
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AIMS Press
2017-07-01
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| Series: | Quantitative Finance and Economics |
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| Online Access: | http://www.aimspress.com/QFE/article/1523/fulltext.html |