How to sample behavior and emotions of traders: [a psychological approach and an empirical example]

Patric Andersson and Richard Tour

No 05-30, Papers from Sonderforschungsbreich 504

Abstract: This paper describes an empirical approach based on psychological methodology, which assumes that individual behaviour must be studied within its natural environment. This approach is called experience sampling (ESM). To illustrate the potentials of employing ESM in the stock-trading domain, we report on observations from an explorative pilot study designed to shed light on the following issues: how outcomes of trades are perceived by traders; the reasons traders associate with good and bad trades; and how traders’ moods fluctuate over a trading day.

Keywords: day-traders; emotions; experience-sampling; mood fluctuation; self-attribution (search for similar items in EconPapers)
JEL-codes: C80 D14 G00 M00 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:mnh:spaper:2641

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