Are two heads better than one? An experiment with novice share traders-Reference-Cited by-同舟云学术

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

Published:2010-08 Issue:2 Volume:35 Page:119-142
ISSN:0312-8962
Container-title:Australian Journal of Management
language:en
Short-container-title:Australian Journal of Management

Author:

Heaney Richard¹,Foster F. Douglas²,Gregor Shirley²,O'Neill Terry²,Wood Robert³

Affiliation:

1. RMIT University,

2. The Australian National University

3. Melbourne Business School

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

Publisher

SAGE Publications

Subject

General Business, Management and Accounting

Link

http://journals.sagepub.com/doi/pdf/10.1177/0312896210370078

Reference29 articles.

1. The self system in reciprocal determinism.

2. Good Reasons Sell: Reason-Based Choice Among Group and Individual Investors in the Stock Market

3. Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors

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