Should We Care? Psychological Barriers in Stock Markets
Philip A. Stork
VU University Amsterdam - Faculty of Economics and Business Administration; Duisenberg School of Finance
Kees C. G. Koedijk
Tilburg University - Department of Finance
Economics Letters, Vol. 44, No. 4, 1994
For three out of five major stockmarkets it is found that those levels which are a multitude of a hundred are approached and transgressed infrequently. We explicitly test for the effect of sample bias and conduct a forecasting experiment.
Keywords: psychological barriers, stock markets
JEL Classification: G14Accepted Paper Series
Date posted: February 22, 2008
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