Search: id:"swepub:oai:gup.ub.gu.se/76118" >
Effects of consiste...
Effects of consistency and accurate predictions of stock prices on herding in a simulated financial market.
-
- Andersson, Maria, 1977 (author)
- Gothenburg University,Göteborgs universitet,Psykologiska institutionen,Department of Psychology
-
- Hedesström, Martin, 1969 (author)
- Gothenburg University,Göteborgs universitet,Psykologiska institutionen,Department of Psychology
-
- Gärling, Tommy, 1941 (author)
- Gothenburg University,Göteborgs universitet,Psykologiska institutionen,Department of Psychology
-
(creator_code:org_t)
- 2008
- 2008
- English.
-
In: Poster presented at the 29th annual conference of the Society for Judgment and Decision Making, Chicago, USA..
- Related links:
-
https://gup.ub.gu.se...
Abstract
Subject headings
Close
- In a simulated financial market setting we investigate the degree to which participants in judgment tasks were influenced by other (fictitious) participants’ judgments. Two experiments examine the influence from random vs. accurate majorities (Experiment 1), random vs. accurate minorities (Experiment 2), and whether the influence was affected by instructing participants to focus on the accuracy in performance (Experiments 1 and 2). Results show that participants followed majorities irrespectively of their level of accuracy, whereas accurate minorities were more influential than random minorities. The focus instruction decreased majority influence, regardless of accuracy, but increased the influence from accurate minorities.
Subject headings
- SAMHÄLLSVETENSKAP -- Psykologi (hsv//swe)
- SOCIAL SCIENCES -- Psychology (hsv//eng)
Keyword
- Herding
- financial markets
- accuracy
- social influence processes
Publication and Content Type
- vet (subject category)
- kon (subject category)
To the university's database