文章基本信息

标题：Does the cryptocurrency market exhibits feedback trading?
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作者：Paulo Vitor Jordão da Gama Silva ; Augusto F.C. Neto ; Marcelo Cabus Klotzle 等
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2019
卷号：39
期号：4
页码：1-10
出版社：Economics Bulletin
摘要：Research has shown that behavioral anomalies affect investors' choices and decisions in the financial markets. One such behavioral anomaly is feedback trading, a phenomenon wherein the investor uses past data to make future decisions. Using Sentana and Wadhwani's (1992) methodology, the 50 most liquid digital currencies (with the most extensive daily data reporting) were analyzed during the period 2013–2018. Results analysis suggests negative feedback trading in Tether Dollar and positive feedback trading in Bitcoin, Ethereum, CassinoCoin and ECC.