000172356 001__ 172356
000172356 005__ 20181203022556.0
000172356 0247_ $$2doi$$a10.1111/j.1540-6261.2010.01591.x
000172356 02470 $$2ISI$$a000282182900003
000172356 037__ $$aARTICLE
000172356 245__ $$aExploring the Nature of "Trader Intuition"
000172356 269__ $$a2010
000172356 260__ $$c2010
000172356 336__ $$aJournal Articles
000172356 520__ $$aExperimental evidence has consistently confirmed the ability of uninformed traders, even novices, to infer information from the trading process. After contrasting brain activation in subjects watching markets with and without insiders, we hypothesize that Theory of Mind (ToM) helps explain this pattern, where ToM refers to the human capacity to discern malicious or benevolent intent. We find that skill in predicting price changes in markets with insiders correlates with scores on two ToM tests. We document GARCH-like persistence in transaction price changes that may help investors read markets when there are insiders.
000172356 6531_ $$aRational-Expectations Equilibrium
000172356 6531_ $$aFinancial Risk-Taking
000172356 6531_ $$aPrediction Errors
000172356 6531_ $$aMarkets
000172356 6531_ $$aMind
000172356 6531_ $$aInformation
000172356 6531_ $$aPrices
000172356 700__ $$uCALTECH, Pasadena, CA 91125 USA$$aBruguier, Antoine J.
000172356 700__ $$uCALTECH, Pasadena, CA 91125 USA$$aQuartz, Steven R.
000172356 700__ $$g181386$$uCALTECH, Pasadena, CA 91125 USA$$aBossaerts, Peter$$0241931
000172356 773__ $$j65$$tJournal Of Finance$$q1703-1723
000172356 909C0 $$xU11813$$0252272$$pSFI-PB
000172356 909CO $$pCDM$$particle$$ooai:infoscience.tind.io:172356
000172356 937__ $$aEPFL-ARTICLE-172356
000172356 973__ $$rREVIEWED$$sPUBLISHED$$aEPFL
000172356 980__ $$aARTICLE