Jinx Numbers Effect

Ekrem Tufan and Bahattin Hamarat

Istanbul Stock Exchange Review, 2009, vol. 11, issue 41, 45-60

Abstract: Some economy theories assume that human is rational and when they make a decision in uncertainty conditions, they will prefer the best choice. Many evidences have been given against these theories. Especially psychology professor Daniel Kahneman’s studies provide evidence that human behave intuitively rather than rationally. It can be alleged that some superstitions which affect on human psychology such as number 13 fallacy can have an effect on stock exchanges trading behaviors. In this study, number 13 fallacy has been searched for both Romanian and Turkish stock exchanges and not found the anomaly evidence for both stock exchanges. The anomaly has been found for Turkish stock exchange but it is not supported by statistics so, it is a random result.

Keywords: Turkish and Romanian stock exchanges; Jinx Number Effect; Descriptive Statistics; Mann Whitney U Test; Kruskal Wallis Test; Logistic Regression Analysis. (search for similar items in EconPapers)
JEL-codes: F30 G10 G14 G15 (search for similar items in EconPapers)
Date: 2009
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.borsaistanbul.com/datum/imkbdergi/EN/ISE_Review_41.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bor:iserev:v:11:y:2009:i:41:p:45-60

Access Statistics for this article

More articles in Istanbul Stock Exchange Review from Research and Business Development Department, Borsa Istanbul Contact information at EDIRC.
Bibliographic data for series maintained by Ahmet Palu ().