Now showing items 1-5 of 5

    • Analysts herding: when does sentiment matter? 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid; Ferrer Zubiate, Elena Upna Orcid (Routledge, 2018)   Artículo / Artikulua  OpenAccess
      Herding among analysts emerges when analysts give priority to their peers’ opinions instead of their own beliefs or information. Some circumstances may enhance or restrain this type of behaviour. We postulate that market ...
    • Behavioral biases never walk alone: an empirical analysis of the effect of overconfidence on probabilities 

      Abinzano Guillén, María Isabel Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (SAGE, 2014)   Artículo / Artikulua  OpenAccess
      This paper presents evidence of the impact of overconfidence bias in asset prices drawn from a study based on data from tennis betting exchanges. A series of betting strategies in tournaments with a clear-cut favourite are ...
    • Consumer confidence indices and stock markets' meltdowns 

      Ferrer Zubiate, Elena Upna Orcid; Salaber, Julie; Zalewska, Anna (Routledge, 2016)   Artículo / Artikulua  OpenAccess
      Consumer confidence indices (CCIs) are a closely monitored barometer of countries' economic health, and an informative forecasting tool. Using European and US data, we provide a case study of the two recent stock market ...
    • The information environment, informed trading and volatility 

      Blasco de las Heras, Natividad; Corredor Casado, María Pilar Upna Orcid (RoutledgeInstitute of Behavioral Finance, 2017)   Artículo / Artikulua  OpenAccess
      The relation between informed trading and volatility is analyzed using the change in the proportion of informed transactions calculated through the probability of informed trading variable. The analysis relates to the ...
    • The role of small bettors in price formation in betting exchanges 

      Abinzano Guillén, María Isabel Upna Orcid; Muga Caperos, Luis Fernando Upna Orcid; Santamaría Aquilué, Rafael Upna Orcid (Routledge, 2020)   Artículo / Artikulua  OpenAccess
      The presence of small bettors in betting exchanges generates mispricing, which can lead to exploitation by informed traders or result in permanent price deviations. This paper shows that mispricing from this source is also ...