Game Stops Not Yet. Investors’ Behavior in the Post-Pandemic Times

21 Pages Posted: 17 Aug 2021

See all articles by Vladimir Milovidov

Vladimir Milovidov

MGIMO University, Shool of International Economic Relation; Primakov National Institute of World Economy and International Relations

Date Written: August 16, 2021

Abstract

The first twenty years of the 21st century were a period of transformation and change in the development models of the financial market. One of the strongest in the history world financial crises of 2007-2008 ended the post-deregulation model. Transition to the new financial market model turned out to be largely unpredictable, complex, and spontaneous, unlike the previous periods, without the purposeful participation of state regulators. An objective but random reason for this course of events was the COVID-19 pandemic. Pandemic has distorted the effect of the loose monetary policy, which caused building the grounds for a new financial market model. The post-pandemic model of the financial market is still in the early stages of formation, and it is too early to talk about all its properties and elements. However, as seen from current events and processes, the essential factor of the new financial market model formation is a gamification of investors' behavior. The author believes this behavioral model requires much more attention of researches than that in nowadays scientific literature. 

Keywords: financial market, investors’ behavior, household finance, monetary policy, personal savings, post-pandemic, emotional communities, wallstreetbets, attention-induced trading, gamification

JEL Classification: G11, G12, G17, G50, G51, G53, O16

Suggested Citation

Milovidov, Vladimir, Game Stops Not Yet. Investors’ Behavior in the Post-Pandemic Times (August 16, 2021). Available at SSRN: https://ssrn.com/abstract=3905795 or http://dx.doi.org/10.2139/ssrn.3905795

Vladimir Milovidov (Contact Author)

MGIMO University, Shool of International Economic Relation ( email )

Russia
+74952293810 (Phone)

Primakov National Institute of World Economy and International Relations ( email )

Russia

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