Jinx Numbers Effect
Ekrem Tufan and
Istanbul Stock Exchange Review, 2009, vol. 11, issue 41, 45-60
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: G14 G10 G15 F30 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:bor:iserev:v:11:y:2009:i:41:p:45-60
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