The Stock Market's Reaction to Unemployment News: Why Bad News Is Usually Good for Stocks

The Good News and the Bad News

There is much that is attractive about Michael Burawoy’s examination of the critical turn to a public sociology. I find plausible his account of the academic nature of 1970s radical sociology especially that mobilized notions such as Althusser’s “theoretical practice.” I also was cheered to read the account of the positive developments currently in train in the USA and especially with how socia...

Good news and bad news: Do online investor sentiments reaction to return news asymmetric?

There is growing evidence to suggest that the impact of positive and negative news are asymmetricthat the impact of bad news has a much greater effect on investors’ sentiment than positive news does; investors react more harshly when bad news is disseminated. Using daily data from 30 companies listed on the DJIA index over the period April 3, 2012 to April 5, 2013, we analyse 289,443 online twe...

Good News or Bad News: Using Affect Control Theory to Analyze Readers' Reaction Towards News Articles

This paper proposes a novel approach to sentiment analysis that leverages work in sociology on symbolic interactionism. The proposed approach uses Affect Control Theory (ACT) to analyze readers’ sentiment towards factual (objective) content and towards its entities (subject and object). ACT is a theory of affective reasoning that uses empirically derived equations to predict the sentiments and ...

hiv/aids good news and bad news

Consistent Good News and Inconsistent Bad News

Good news is more persuasive when it is more consistent, and bad news is less damaging when it is less consistent. We show when Bayesian updating supports this intuition so that a biased sender prefers more or less variance in the news depending on whether the mean of the news exceeds expectations, and we apply the result to selective news distortion by a manager of multiple projects. If news f...