Rank salience: an empirical study of attention grabbing stocks
| Autor(a) principal: | |
|---|---|
| Data de Publicação: | 2021 |
| Tipo de documento: | Dissertação |
| Idioma: | eng |
| Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
| Texto Completo: | https://hdl.handle.net/10438/30802 |
Resumo: | Evidências do campo da psicologia e de economia comportamental apontam atenção como um recurso limitado e escasso. Frente um contínuo, crescente e disponível volume de informação financeira com acesso instantâneo, essa restrição se torna ainda mais relevante no contexto dos investidores individuais. O presente trabalho testa se ações que chamam a atenção do indivídio (ações salientes) são mais propensas a serem compradas ou vendidas por investidores pessoa física. Concluímos que saliência é um fator extremamente relevante para compra dos índivíduos e também apresentamos alguma evidência de efeito na venda de investidores individuais. |
| id |
FGV_4cb2d88b84288235144dab05051f8823 |
|---|---|
| oai_identifier_str |
oai:repositorio.fgv.br:10438/30802 |
| network_acronym_str |
FGV |
| network_name_str |
Repositório Institucional do FGV (FGV Repositório Digital) |
| repository_id_str |
3974 |
| spelling |
Araujo, Matheus Oliveira Honorato deEscolas::EESPBueno, Rodrigo de Losso da SilveiraGiovannetti, Bruno CaraChague, Fernando Daniel2021-07-02T21:28:22Z2021-07-02T21:28:22Z2021-06-11https://hdl.handle.net/10438/30802Evidências do campo da psicologia e de economia comportamental apontam atenção como um recurso limitado e escasso. Frente um contínuo, crescente e disponível volume de informação financeira com acesso instantâneo, essa restrição se torna ainda mais relevante no contexto dos investidores individuais. O presente trabalho testa se ações que chamam a atenção do indivídio (ações salientes) são mais propensas a serem compradas ou vendidas por investidores pessoa física. Concluímos que saliência é um fator extremamente relevante para compra dos índivíduos e também apresentamos alguma evidência de efeito na venda de investidores individuais.Perception psychology and behavior economics pose attention as a limited, scarce resource. In the face of a growing and abundant volume of available financial data with almost immediate access to it, this restriction becomes even more relevant in the context of retail investor decisions. The present work tests if stocks with certain attention grabbing qualities are more prone to be bought or sold by retail investors. Our experiment allows us to conclude salience is a very relevant matter for retail buying while also presenting some evidence for retail sellers.engBehavioral financeIndividual investorSalienceFinanças comportamentaisInvestidores individuaisSaliênciaEconomiaFinanças - Aspectos psicológicosInvestidores (Finanças)Ações (Finanças)Processo decisórioRank salience: an empirical study of attention grabbing stocksinfo: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:FGVLICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/9bf51562-ff66-4bf2-af2f-48130e93a80d/downloaddfb340242cced38a6cca06c627998fa1MD52ORIGINALRank_Salience__An_empirical_study_of_attention_grabbing_stocks (0207).pdfRank_Salience__An_empirical_study_of_attention_grabbing_stocks (0207).pdfPDFapplication/pdf880600https://repositorio.fgv.br/bitstreams/589c5b1c-5a6d-4780-a089-8eb5583847cc/download084d159cbbb0855d7b3d5a44d7998227MD51TEXTRank_Salience__An_empirical_study_of_attention_grabbing_stocks (0207).pdf.txtRank_Salience__An_empirical_study_of_attention_grabbing_stocks (0207).pdf.txtExtracted texttext/plain89640https://repositorio.fgv.br/bitstreams/1ce4c2bf-7f6c-4f86-90e3-77e579a8a651/download403f7d4464734abc168f7904f3a46e0bMD55THUMBNAILRank_Salience__An_empirical_study_of_attention_grabbing_stocks (0207).pdf.jpgRank_Salience__An_empirical_study_of_attention_grabbing_stocks (0207).pdf.jpgGenerated Thumbnailimage/jpeg2705https://repositorio.fgv.br/bitstreams/9c457f9b-6b79-46ff-9505-952bcd34d595/download062186f02a3766e99044538671bf5085MD5610438/308022023-11-25 18:11:24.535open.accessoai:repositorio.fgv.br:10438/30802https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-25T18:11:24Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)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 |
| dc.title.eng.fl_str_mv |
Rank salience: an empirical study of attention grabbing stocks |
| title |
Rank salience: an empirical study of attention grabbing stocks |
| spellingShingle |
Rank salience: an empirical study of attention grabbing stocks Araujo, Matheus Oliveira Honorato de Behavioral finance Individual investor Salience Finanças comportamentais Investidores individuais Saliência Economia Finanças - Aspectos psicológicos Investidores (Finanças) Ações (Finanças) Processo decisório |
| title_short |
Rank salience: an empirical study of attention grabbing stocks |
| title_full |
Rank salience: an empirical study of attention grabbing stocks |
| title_fullStr |
Rank salience: an empirical study of attention grabbing stocks |
| title_full_unstemmed |
Rank salience: an empirical study of attention grabbing stocks |
| title_sort |
Rank salience: an empirical study of attention grabbing stocks |
| author |
Araujo, Matheus Oliveira Honorato de |
| author_facet |
Araujo, Matheus Oliveira Honorato de |
| author_role |
author |
| dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EESP |
| dc.contributor.member.none.fl_str_mv |
Bueno, Rodrigo de Losso da Silveira |
| dc.contributor.author.fl_str_mv |
Araujo, Matheus Oliveira Honorato de |
| dc.contributor.advisor1.fl_str_mv |
Giovannetti, Bruno Cara Chague, Fernando Daniel |
| contributor_str_mv |
Giovannetti, Bruno Cara Chague, Fernando Daniel |
| dc.subject.eng.fl_str_mv |
Behavioral finance Individual investor Salience |
| topic |
Behavioral finance Individual investor Salience Finanças comportamentais Investidores individuais Saliência Economia Finanças - Aspectos psicológicos Investidores (Finanças) Ações (Finanças) Processo decisório |
| dc.subject.por.fl_str_mv |
Finanças comportamentais Investidores individuais Saliência |
| dc.subject.area.por.fl_str_mv |
Economia |
| dc.subject.bibliodata.por.fl_str_mv |
Finanças - Aspectos psicológicos Investidores (Finanças) Ações (Finanças) Processo decisório |
| description |
Evidências do campo da psicologia e de economia comportamental apontam atenção como um recurso limitado e escasso. Frente um contínuo, crescente e disponível volume de informação financeira com acesso instantâneo, essa restrição se torna ainda mais relevante no contexto dos investidores individuais. O presente trabalho testa se ações que chamam a atenção do indivídio (ações salientes) são mais propensas a serem compradas ou vendidas por investidores pessoa física. Concluímos que saliência é um fator extremamente relevante para compra dos índivíduos e também apresentamos alguma evidência de efeito na venda de investidores individuais. |
| publishDate |
2021 |
| dc.date.accessioned.fl_str_mv |
2021-07-02T21:28:22Z |
| dc.date.available.fl_str_mv |
2021-07-02T21:28:22Z |
| dc.date.issued.fl_str_mv |
2021-06-11 |
| 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/10438/30802 |
| url |
https://hdl.handle.net/10438/30802 |
| 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) instname:Fundação Getulio Vargas (FGV) 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) |
| bitstream.url.fl_str_mv |
https://repositorio.fgv.br/bitstreams/9bf51562-ff66-4bf2-af2f-48130e93a80d/download https://repositorio.fgv.br/bitstreams/589c5b1c-5a6d-4780-a089-8eb5583847cc/download https://repositorio.fgv.br/bitstreams/1ce4c2bf-7f6c-4f86-90e3-77e579a8a651/download https://repositorio.fgv.br/bitstreams/9c457f9b-6b79-46ff-9505-952bcd34d595/download |
| bitstream.checksum.fl_str_mv |
dfb340242cced38a6cca06c627998fa1 084d159cbbb0855d7b3d5a44d7998227 403f7d4464734abc168f7904f3a46e0b 062186f02a3766e99044538671bf5085 |
| bitstream.checksumAlgorithm.fl_str_mv |
MD5 MD5 MD5 MD5 |
| repository.name.fl_str_mv |
Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV) |
| repository.mail.fl_str_mv |
|
| _version_ |
1810023834057703424 |