A New Explanation for the Frog-in-the-Pan Phenomenon Based on the Cognitive-Evolutionary Model of Surprise

A New Explanation for the Frog-in-the-Pan Phenomenon Based on the Cognitive-Evolutionary Model of Surprise

The frog-in-the-pan (FIP) phenomenon suggests that investors are more sensitive to abrupt price changes than gradual price changes in the stock market. Based on the cognitive-evolutionary model of surprise and the reinforcement learning model, this paper provides a new explanation for the FIP phenom...

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Bibliographic Details
Main Authors: Dapeng Liang, Mengting Liu, Yang Fu, Jiayin Sun, Hongyan Wang
Format: Article
Language:English
Published: MDPI AG 2022-12-01
Series:Behavioral Sciences
Subjects:
frog-in-the-pan
surprise
cognitive-evolutionary model of surprise
reinforcement learning model
decision making
Online Access:https://www.mdpi.com/2076-328X/13/1/7

Internet

https://www.mdpi.com/2076-328X/13/1/7

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