Are two heads better than one? An experiment in share trading by naïve traders

Heaney, R, Foster, F, Gregor, S, O'Neill, T and Wood, R 2010, 'Are two heads better than one? An experiment in share trading by naïve traders', Australian Journal of Management, vol. 35, no. 2, pp. 119-143.


Document type: Journal Article
Collection: Journal Articles

Title Are two heads better than one? An experiment in share trading by naïve traders
Author(s) Heaney, R
Foster, F
Gregor, S
O'Neill, T
Wood, R
Year 2010
Journal name Australian Journal of Management
Volume number 35
Issue number 2
Start page 119
End page 143
Total pages 25
Publisher Sage Publications
Abstract We compare the performance of individual and two-person teams in an electronic share-trading task. Trader profits are negatively related to the amount of trader market activity and positively related to trader confidence. While we find no evidence of a difference in trading profit between individual and team traders, profit volatility is more sensitive to trading activity for teams. Team trading profit is positively related to attitude and negatively related to perceptions of the difficulty of the task, with overall team trading activity negatively related to views of team members' abilities.
Subject Financial Economics
Finance
Keyword(s) Share market trading
teams versus individual trading
DOI - identifier 10.1177/0312896210370078
Copyright notice © The Author(s) 2010
ISSN 0312-8962
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