Cryptocurrency Market: Overreaction to News and Herd Instincts

نویسندگان
چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Stock Market Overreaction to Bad News in Good Times: A Rational Expectations Equilibrium Model

This article presents a dynamic, rational expectations equilibrium model of asset prices where the drift of fundamentals (dividends) shifts between two unobservable states at random times. I show that in equilibrium, investors’ willingness to hedge against changes in their own “uncertainty” on the true state makes stock prices overreact to bad news in good times and underreact to good news in b...

متن کامل

Instincts of the herd in peace and war 1916–1919

PHIL BROWN, The transfer of care. Psychiatric deinstitutionalization and its afiermath, London, Routledge & Kegan Paul, 1985, 8vo, pp. xvi, 275, £19.95. This sociological overview of the impact ofdeinstitutionalization on America's mental health services is written from a perspective which is informed by debates within the history of psychiatry as well as medical sociology. In his description o...

متن کامل

Evolutionary dynamics of the cryptocurrency market

The cryptocurrency market surpassed the barrier of $100 billion market capitalization in June 2017, after months of steady growth. Despite its increasing relevance in the financial world, a comprehensive analysis of the whole system is still lacking, as most studies have focused exclusively on the behaviour of one (Bitcoin) or few cryptocurrencies. Here, we consider the history of the entire ma...

متن کامل

An Experimental Study of Cryptocurrency Market Dynamics

As cryptocurrencies gain popularity and credibility, marketplaces for cryptocurrencies are growing in importance. Understanding the dynamics of these markets can help to assess how viable the cryptocurrnency ecosystem is and how design choices affect market behavior. One existential threat to cryptocurrencies is dramatic fluctuations in traders’ willingness to buy or sell. Using a novel experim...

متن کامل

Cryptocurrency Price Prediction Using News and Social Media Sentiment

This project analyzes the ability of news and social media data to predict price fluctuations for three cryptocurrencies: bitcoin, litecoin and ethereum. Traditional supervised learning algorithms were utilized for text-based sentiment classification, but with a twist. Daily news and social media data was labeled based on actual price changes one day in the future for each coin, rather than on ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Economic Policy

سال: 2020

ISSN: 1994-5124,2411-2658

DOI: 10.18288/1994-5124-2020-3-74-105