TY - JOUR
T1 - Short and Long Term Investor Synchronization Caused by Decoupling
AU - Roszczynska-Kurasinska, Magda
AU - Nowak, Andrzej
AU - Kamieniarz, Daniel
AU - Solomon, Sorin
AU - Andersen, Jørgen Vitting
AU - Sánchez, Angel
PY - 2012/12/7
Y1 - 2012/12/7
N2 - The dynamics of collective decision making is not yet well understood. Its practical relevance however can be of utmost importance, as experienced by people who lost their fortunes in turbulent moments of financial markets. In this paper we show how spontaneous collective "moods" or "biases" emerge dynamically among human participants playing a trading game in a simple model of the stock market. Applying theory and computer simulations to the experimental data generated by humans, we are able to predict the onset of such moments before they actually happen.
AB - The dynamics of collective decision making is not yet well understood. Its practical relevance however can be of utmost importance, as experienced by people who lost their fortunes in turbulent moments of financial markets. In this paper we show how spontaneous collective "moods" or "biases" emerge dynamically among human participants playing a trading game in a simple model of the stock market. Applying theory and computer simulations to the experimental data generated by humans, we are able to predict the onset of such moments before they actually happen.
UR - http://www.scopus.com/inward/record.url?scp=84870922971&partnerID=8YFLogxK
U2 - 10.1371/journal.pone.0050700
DO - 10.1371/journal.pone.0050700
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C2 - 23236385
AN - SCOPUS:84870922971
SN - 1932-6203
VL - 7
JO - PLoS ONE
JF - PLoS ONE
IS - 12
M1 - e50700
ER -