Are two heads better than one? An experiment with novice share traders

Richard Heaney, F. Douglas Foster, Shirley Gregor, Terry O'Neill and Robert Wood
Additional contact information
Richard Heaney: RMIT University, richard.heaney@rmit.edu.au
F. Douglas Foster: The Australian National University
Shirley Gregor: The Australian National University
Terry O'Neill: The Australian National University
Robert Wood: Melbourne Business School

Australian Journal of Management, 2010, vol. 35, issue 2, 119-142

Abstract: We compare the performance of individual and two-person teams in an electronic share-trading task. Trader profits are negatively related to the amount of trader market activity and positively related to trader confidence. While we find no evidence of a difference in trading profit between individual and team traders, profit volatility is more sensitive to trading activity for teams. Team trading profit is positively related to attitude and negatively related to perceptions of the difficulty of the task, with overall team trading activity negatively related to views of team members’ abilities. JEL Code: D44, G14

Keywords: Share market trading; teams versus individual trading (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0312896210370078 (text/html)

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:sae:ausman:v:35:y:2010:i:2:p:119-142

DOI: 10.1177/0312896210370078

Access Statistics for this article

More articles in Australian Journal of Management from Australian School of Business
Bibliographic data for series maintained by SAGE Publications ().