How Speculative Asset Characteristics Shape Retail Investors’ Selling Behavior
نویسندگان
چکیده
منابع مشابه
Small Trade, Retail Investors and Asset Dynamics
In this paper, we construct a model incorporating the retail trader’s reluctance to sell into losses. We show that in this setup the informed trader always buys the asset when he receives a favorable signal. However, when the informed trader receives an unfavorable signal, he may not sell the asset if the signal is moderately bad and the retail trader is reluctant to realize losses. Hence the a...
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2023
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.4323051