Uninformative feedback and risk taking: Evidence from retail forex trading
We document evidence consistent with retail traders in the Forex market attributing random success to their own skill and, as a consequence, increasing risk taking. Although past performance does not predict future success for these traders, traders increase trade sizes, trade size variability, and...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Oxford University Press
2018
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |