| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28363 |
| 来源ID | Working Paper 28363 |
| Smart(Phone) Investing? A within Investor-time Analysis of New Technologies and Trading Behavior. | |
| Ankit Kalda; Benjamin Loos; Alessandro Previtero; Andreas Hackethal | |
| 发表日期 | 2021-01-25 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Using transaction-level data from two German banks, we study the effects of smartphones on investor behavior. Comparing trades by the same investor in the same month across different platforms, we find that smartphones increase purchasing of riskier and lottery-type assets and chasing past returns. After the adoption of smartphones, investors do not substitute trades across platforms and buy also riskier, lottery-type, and hot investments on other platforms. Using smartphones to trade specific assets or during specific hours contributes to explain our results. Digital nudges and the device screen size do not mechanically drive our results. Smartphone effects are not transitory. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing ; Behavioral Finance |
| URL | https://www.nber.org/papers/w28363 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586037 |
| 推荐引用方式 GB/T 7714 | Ankit Kalda,Benjamin Loos,Alessandro Previtero,et al. Smart(Phone) Investing? A within Investor-time Analysis of New Technologies and Trading Behavior.. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28363.pdf（369KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
