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Czasopismo
2012 | 8 | nr 3 | 55--61
Tytuł artykułu

The Misinformation Effect in Financial Markets - an Emerging Issue in Behavioural Finance

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Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The following paper is a theoretical introduction of the misinformation effect to behavioural finance. The misinformation effect causes a memory report regarding an event or particular knowledge to become contaminated with misleading information from another source. The paper aims to describe possible impact of the aforementioned phenomenon on the interpretation of stock market data, as well as the consequences of misinformation on investment-related decisions and the effective market hypothesis. (original abstract)
Czasopismo
Rocznik
Tom
8
Numer
Strony
55--61
Opis fizyczny
Twórcy
  • Uniwersytet Jagielloński w Krakowie
Bibliografia
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  • Fama, E. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. Journal of Finance, 25, 383-417.
  • Goodfriend, W., Ferguson, R., Pearson, C. L. (2006). The Misinformation Effect in the classroom. Conference abstract.
  • Gudjonsson, G. H. (1997). The Gudjonsson Suggestibility Scales. Manual. Hove, UK: Psychology Press.
  • Gudjonsson, G. H., Clark, N. (1986). Suggestibility in Police Interrogation: A Social Psychological Model. Social Behaviour, 1, 83-104.
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  • Jegadeesh, N., Titman, S. (1993). Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency. Journal of Finance, 48, 65-91.
  • Kahneman, D., Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Eco-nometrica, 47 (2), 263- 292.
  • Kelly, K. T. (1996). The Logic of Reliable Inquiry. Oxford: Oxford University Press.
  • Kozielecki, J. (1977). Psychologiczna teoria decyzji. Warszawa: PWN.
  • Lewellen, J. (1999). The Time-series Relations Between Expected Return, Risk, and Book-to-market. Journal of Financial Economics, 54, 5-43.
  • Lindsay, D. S., Johnson, M. K. (1989). The Eyewitness Suggestibility Effect and Memory for Source. Memory and Cognition, 17, 349-358.
  • Loftus, E. F., Miller, D. G., Burns, H. J. (1978). Semantic Integration of Verbal Information into a Visual Memory. Journal of Experimental Psychology: Human Learning and Memory, 4, 19-31.
  • Loftus, E. F., Palmer, J. C. (1974). Reconstruction of Automobile Destruction: An Example of the Interaction between Language and Memory. Journal of Verbal Learning and Verbal Behavior, 13, 585-589.
  • Majewski, S. (1999). Efekt poniedziałku na Giełdzie Papierów Wartościowych w Warszawie. Conference abstract.
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  • Metcalfe Eich, J. (1982). A Composite Holographic Associative Recall Model. Psychological Review, 89, 627-661.
  • Odean, T., Barber, B. (1999). The Courage of Misguided Convictions: The Trading Behavior of Individual Investors. Financial Analyst Journal, November/December, 41- 55.
  • Peterson, C., Parsons, T., Dean, M. (2004). Providing Misleading and Reinstatement Information a Year After It Happened: Effects on Long Term Memory. Memory, 12, 1-13.
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  • Polak, M. (2012). Społeczny efekt dezinformacji. In: Doliński, D., Maciuszek, J. and Polczyk, R. (red.) Wokół wpływu społecznego (pp.112-120). Cracow: Wydawnictwo UJ.
  • Polczyk, R. (2007). Mechanizmy efektu dezinformacji w kontekście zeznań świadka naocznego. Cracow: Wydawnictwo UJ.
  • Roediger, H. L., McDermott, K. B. (1995). Creating False Memories: Words Not Presented in Lists. Journal of Experimental Psychology: Learning, Memory and Cognition, 21, 803-814.
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Typ dokumentu
Bibliografia
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