Copy trading
Mostra el registre complet Registre parcial de l'ítem
- dc.contributor.author Apesteguía, José
- dc.contributor.author Oechssler, Jörg
- dc.contributor.author Weidenholzer, Simon
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2024-11-14T10:09:59Z
- dc.date.available 2024-11-14T10:09:59Z
- dc.date.issued 2018-07-23
- dc.date.modified 2024-11-14T10:06:00Z
- dc.description.abstract Copy trading allows traders in social networks to receive information on the success of other agents in financial markets and to directly copy their trades. Internet platforms like eToro, ZuluTrade, and Tradeo have attracted millions of users in recent years. The present paper studies the implications of copy trading for the risk taking of investors. Implementing a novel experimental financial asset market, we show that providing information on the success of others leads to a significant increase in risk taking of subjects. This increase in risk taking is even larger when subjects are provided with the option to directly copy others. We conclude that copy trading leads to excessive risk taking.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1615
- dc.identifier.citation Management Science, forthcoming
- dc.identifier.uri http://hdl.handle.net/10230/44770
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1615
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword copy trading
- dc.subject.keyword financial markets
- dc.subject.keyword social networks
- dc.subject.keyword imitation; experiment.
- dc.subject.keyword Behavioral and Experimental Economics
- dc.title Copy trading
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper