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Verfasst von:Apesteguia, Jose [VerfasserIn]   i
 Oechssler, Joerg [VerfasserIn]   i
 Weidenholzer, Simon [VerfasserIn]   i
Titel:Copy trading
Verf.angabe:Jose Apesteguia, Jörg Oechssler, and Simon Weidenholzer
Verlagsort:Heidelberg
Verlag:University of Heidelberg, Department of Economics
E-Jahr:2018
Jahr:June 27, 2018
Umfang:1 Online-Ressource
Gesamttitel/Reihe:Discussion paper series / University of Heidelberg, Department of Economics ; no. 649
Fussnoten:Key words: Copy trading, Financial markets, Social networks, Imitation, Experiment; JEL codes: C91, D81, G12, G20, G41
Abstract: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 an 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 reduces ex-ante welfare, and leads to excessive risk taking.
DOI:doi:10.11588/heidok.00024778
URL:kostenfrei: Volltext: http://dx.doi.org/10.11588/heidok.00024778
 kostenfrei: Volltext: http://nbn-resolving.de/urn:nbn:de:bsz:16-heidok-247788
 kostenfrei: Volltext: http://archiv.ub.uni-heidelberg.de/volltextserver/24778/1/Apesteguia%2C%20Oechssler%2C%20and%20Weidenholzer%2C%202018%2C ...
 kostenfrei: Resolving-System: http://hdl.handle.net/10419/207625
 kostenfrei: Volltext: https://nbn-resolving.org/urn:nbn:de:bsz:16-heidok-247788
 DOI: https://doi.org/10.11588/heidok.00024778
 10419/207625
URN:urn:nbn:de:bsz:16-heidok-247788
Schlagwörter:(s)Kreditmarkt   i / (s)Soziales Netzwerk   i / (s)Nachahmung   i / (s)Experiment   i
Datenträger:Online-Ressource
Sprache:eng
Form-SW:Graue Literatur
K10plus-PPN:1027052835
Verknüpfungen:→ Übergeordnete Aufnahme
 
 
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