Bad Day Sunshine: Stock Returns and the Weather PDF Download

Author: Rita Salviti
Publisher: GRIN Verlag
ISBN: 3638503089
Category : Business & Economics
Languages : de
Pages : 38

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Book Description
Studienarbeit aus dem Jahr 2004 im Fachbereich BWL - Investition und Finanzierung, Note: 2,0, Eberhard-Karls-Universität Tübingen, Veranstaltung: 2,0, Sprache: Deutsch, Abstract: Sonnenschein wirkt Stimmungsbeeinflussend – das kann ein jeder von uns bestätigen und ist auch durch psychologische Studien bewiesen Aber kann Sonnenschein auch den Wertpapiermarkt beeinflussen? Genau dieser Frage stellen sich Hirshleifer und Shumway in ihrem im Jahre 2003 im Journal of Finance erschienen Artikel „Good Day Sunshine: Stock Returns and the Weather“. Um eine Antwort zu geben, untersuchten die Autoren die Beziehung zwischen morgendlichem Sonnenschein in den wichtigsten Börsenstädten von 26 Ländern und der Rendite des entsprechenden nationalen Aktienindexes des selben Tages für den Zeitraum 1982 bis 1997. Hirshleifer und Shumway gehen dabei von der durch verschiedene psychologische Studien belegten Annahme aus, welche besagt, dass ein Zusammenhang zwischen Sonnenschein und Verhalten existiert. Kernaussage dieser Studien ist, dass Personen sich umso besser fühlen, je mehr Sonnenschein sie ausgesetzt sind. Wenn Menschen aufgrund von Sonnenschein optimistischer sind, lässt sich daraus schließen, dass sie an sonnigen Tagen eher geneigt sein könnten, Aktien zu kaufen. Insbesondere könnten sie fälschlicherweise ihre gute Laune auf positive wirtschaftliche Aussichten zurückführen, anstatt auf gutes Wetter. Dies weist darauf hin, dass Sonnenschein positiv mit den Aktienrenditen korreliert sein kann.

Author: David A. Hirshleifer
Publisher:
ISBN:
Category :
Languages : en
Pages : 31

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Psychological evidence and casual intuition predict that sunny weather is associated with upbeat mood. This paper examines the relation between morning sunshine at a country's leading stock exchange and market index stock returns that day at 26 stock exchanges internationally from 1982-97. Sunshine is strongly positively correlated with daily stock returns. After controlling for sunshine, other weather conditions such as rain and snow are unrelated to returns. If transactions costs are assumed to be minor, it is possible to trade profitably on the weather. These results are difficult to reconcile with fully rational price-setting.

Author: David Hirshleifer
Publisher:
ISBN:
Category : Capitalists and financiers
Languages : en
Pages : 29

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Author: Ian Tuhovsky
Publisher: Positive Coaching LLC
ISBN:
Category : Education
Languages : en
Pages : 177

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Book Description
Here's How You Can Weather The Storm & Start Thinking Clearly! Let's see the facts. Your mind is under siege. Every single day, you are bombarded with thousands of news stories, hundreds of fake news articles, secret agendas, and bad science. You need to develop a defense mechanism that will allow you to hold your ground and improve your life. And the name of that defense mechanism? Critical Thinking! Imagine if you could develop a new skill that would Unleash Your Creativity Encourage Positive Curiosity Boost Your Problem-Solving Skills And help you navigate the foggy waters of mass media, online hysteria, and social media angst. Would You Be Interested In Developing Critical Thinking? Ian Tuhovsky, the author of this exceptionally-researched critical thinking book, has created a simple, easy-to-follow, critical thinking science guide that will change the way you perceive your world and react to it. When dealing with the subject of practical critical thinking, problem solving, and decision making, Ian leaves no stone unturned, in order to offer you a clear idea of the importance of critical thinking in your daily life. 5 Key Takeaways From This Game-Changing Rational Thinking Book: ✅ Learn More About Our Biases & Where They Stem From ✅ Understand The Bystander Effect, The Confirmation Bias, The Halo Effect, And More ✅ Discover How Our Biases Are Used Against Us ✅ Protect Yourself From Fake News And Bad Science ✅ Sharpen Your Critical Thinking Skills That's Not All! We have entered uncharted waters and it's extremely important to prepare yourself for the perfect storm of fake news, which is certain to develop during these chaotic and uncertain times. By the time you reach the back cover of this logic book on the basics of critical thinking, you will feel more confident when dealing with problems, and be laser-focused on the things that actually matter. What Are You Waiting For? Click "Buy Now" & Start Thinking Clearly - Today!

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Robert Pozen
Publisher: John Wiley & Sons
ISBN: 1118929950
Category : Business & Economics
Languages : en
Pages : 549

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A guide to how your money is managed, with foreword by Nobel laureate Robert Shiller The Fund Industry offers a comprehensive look at mutual funds and the investment management industry, for fund investors, those working in the fund industry, service providers to the industry and students of financial institutions or capital markets. Industry experts Robert Pozen and Theresa Hamacher take readers on a tour of the business of asset management. Readers will learn how to research a fund and assess whether it's right for them; then they'll go behind the scenes to see how funds are invested, sold and regulated. This updated edition expands coverage of the segments of the industry where growth is hottest, including hedge funds, liquid alternatives, ETFs and target date funds—and adds an introduction to derivatives. Mutual funds are a key component of financial planning for 96 million Americans. Nearly a quarter of U.S. household savings are invested in funds, which give individual investors affordable access to professional management. This book provides a detailed look at how firms in the industry: Invest those savings in stocks and bonds Evaluate the risks and returns of funds Distribute funds directly to consumers or through financial advisors or retirement plans Handle the complex operational and regulatory requirements of mutual funds Vote proxies at the annual meetings of public companies Expand their operations across borders Along the way, the authors describe the latest trends and discuss the biggest controversies—all in straightforward and engaging prose. The Fund Industry is the essential guide to navigating the mutual fund industry.

Author: Harold L. Vogel
Publisher: Springer
ISBN: 3319715283
Category : Business & Economics
Languages : en
Pages : 477

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Book Description
Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, and equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and can also be defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price.

Author: Zuriati Ahmad Zukarnain
Publisher: European Alliance for Innovation
ISBN: 1631903691
Category : Computers
Languages : en
Pages : 2599

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Book Description
The 2022 International Conference on Information Economy, Data Modeling and Cloud Computing (ICIDC 2022) was successfully held in Qingdao, China from June 17 to 19, 2022. Under the impact of COVID-19, ICIDC 2022 was held adopting a combination of online and offline conference. During this conference, we were greatly honored to have Prof Datuk Dr Hj Kasim Hj Md Mansur from Universiti Malaysia Sabah, Malaysia to serve as our Conference Chairman. And there were 260 individuals attending the conference. The conference agenda was composed of keynote speeches, oral presentations, and online Q&A discussion. The proceedings of ICIDC 2022 cover various topics, including Big Data Finance, E-Commerce and Digital Business, Modeling Method, 3D Modeling, Internet of Things, Cloud Computing Platform, etc. All the papers have been checked through rigorous review and processes to meet the requirements of publication. Data modeling allows us to obtain the dynamic change trend of various indicator data, so how to use big data information to model and study the development trend of economic operation plan is of great significance. And that is exactly the purpose of this conference, focusing on the application of big data in the economic field as well as conducting more profound research in combination with cloud computing.

Author: Dalton Conley
Publisher: Simon and Schuster
ISBN: 1476712662
Category : Family & Relationships
Languages : en
Pages : 256

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Book Description
Faced with important decisions about how to raise their kids, many parents ask their friends or family how they did it, or they turn to parenting books, or they simply rely on age-old religious or cultural traditions. Not Dalton Conley, a dual-doctorate scientist and full-on nerd. Instead, he turns to scientific research when he needs to make big decisions. Parentology hilariously reports the upshot of those experiments, in the process telling the tale of a scientist who is shown the limits of his profession by his sassy kids.

Author: John R. Nofsinger
Publisher: FT Press
ISBN: 0130668419
Category : Business & Economics
Languages : en
Pages : 328

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Book Description
Nofsinger identifies the most common investor mistakes through the prism of the world's most public investment catastrophes. Using other people's money and other people's disasters, "Investment Blunders" teaches a wide range of critical lessons every investor must learn.