Learning in Brazilian day traders

Detalhes bibliográficos
Autor(a) principal: Maciel, Bernardo Lembi Ramalho
Data de Publicação: 2022
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/32052
Resumo: É bem documentado que a maioria das pessoas perde dinheiro com day trade (mesmo sem considerar custos de transação). No entanto, como mostramos neste trabalho, a probabililidade de uma pessoa lucrar em um dado dia de day trade é maior do que 50%, o que pode iludi-la quanto à sua verdadeira habilidade. Tentamos conciliar esses dois fatos empíricos aparentemente contraditórios. Nós mostramos que o dispositon effect apresentado pelos day traders produz a medida ilusória de habilidade.
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spelling Maciel, Bernardo Lembi RamalhoEscolas::EESPBonomo, Marco Antônio CesarGiovannetti, Bruno CaraGuimarães, Bernardo de VasconcellosChague, Fernando Daniel2022-06-03T14:03:37Z2022-06-03T14:03:37Z2022-05-24https://hdl.handle.net/10438/32052É bem documentado que a maioria das pessoas perde dinheiro com day trade (mesmo sem considerar custos de transação). No entanto, como mostramos neste trabalho, a probabililidade de uma pessoa lucrar em um dado dia de day trade é maior do que 50%, o que pode iludi-la quanto à sua verdadeira habilidade. Tentamos conciliar esses dois fatos empíricos aparentemente contraditórios. Nós mostramos que o dispositon effect apresentado pelos day traders produz a medida ilusória de habilidade.It is well-documented that most individuals lose by day trading (even before transaction costs). However, as we document in this study, the odds of individuals profiting from day trading on a given day are above 50%, which may delude them about their actual day trading skills. We try to conciliate these two apparently contradictory empirical facts. We show that the disposition effect displayed by day traders generates the polluted measure of day trading skill.engDisposition effectBehavioral biasesInvestor learningDay tradingVieses comportamentaisAprendizado do investidorEconomiaEspeculação diária (Finanças)Investimentos - Aspectos psicológicosInvestidores (Finanças)Processo decisórioLearning in Brazilian day tradersinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINALthesis_template_comficha_orientador.pdfthesis_template_comficha_orientador.pdfPDFapplication/pdf931724https://repositorio.fgv.br/bitstreams/aebba752-b5c7-4abe-bb88-efb47cedf99a/download110191ea96e5b9a8d0284c042b1dd076MD53LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv Learning in Brazilian day traders
title Learning in Brazilian day traders
spellingShingle Learning in Brazilian day traders
Maciel, Bernardo Lembi Ramalho
Disposition effect
Behavioral biases
Investor learning
Day trading
Vieses comportamentais
Aprendizado do investidor
Economia
Especulação diária (Finanças)
Investimentos - Aspectos psicológicos
Investidores (Finanças)
Processo decisório
title_short Learning in Brazilian day traders
title_full Learning in Brazilian day traders
title_fullStr Learning in Brazilian day traders
title_full_unstemmed Learning in Brazilian day traders
title_sort Learning in Brazilian day traders
author Maciel, Bernardo Lembi Ramalho
author_facet Maciel, Bernardo Lembi Ramalho
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.member.none.fl_str_mv Bonomo, Marco Antônio Cesar
dc.contributor.author.fl_str_mv Maciel, Bernardo Lembi Ramalho
dc.contributor.advisor1.fl_str_mv Giovannetti, Bruno Cara
Guimarães, Bernardo de Vasconcellos
Chague, Fernando Daniel
contributor_str_mv Giovannetti, Bruno Cara
Guimarães, Bernardo de Vasconcellos
Chague, Fernando Daniel
dc.subject.eng.fl_str_mv Disposition effect
Behavioral biases
Investor learning
topic Disposition effect
Behavioral biases
Investor learning
Day trading
Vieses comportamentais
Aprendizado do investidor
Economia
Especulação diária (Finanças)
Investimentos - Aspectos psicológicos
Investidores (Finanças)
Processo decisório
dc.subject.por.fl_str_mv Day trading
Vieses comportamentais
Aprendizado do investidor
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Especulação diária (Finanças)
Investimentos - Aspectos psicológicos
Investidores (Finanças)
Processo decisório
description É bem documentado que a maioria das pessoas perde dinheiro com day trade (mesmo sem considerar custos de transação). No entanto, como mostramos neste trabalho, a probabililidade de uma pessoa lucrar em um dado dia de day trade é maior do que 50%, o que pode iludi-la quanto à sua verdadeira habilidade. Tentamos conciliar esses dois fatos empíricos aparentemente contraditórios. Nós mostramos que o dispositon effect apresentado pelos day traders produz a medida ilusória de habilidade.
publishDate 2022
dc.date.accessioned.fl_str_mv 2022-06-03T14:03:37Z
dc.date.available.fl_str_mv 2022-06-03T14:03:37Z
dc.date.issued.fl_str_mv 2022-05-24
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/10438/32052
url https://hdl.handle.net/10438/32052
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Repositório Institucional do FGV (FGV Repositório Digital)
collection Repositório Institucional do FGV (FGV Repositório Digital)
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