Trading and cognition in asset markets: An eye-tracking experiment

Camille Cornand, Maria Alejandra Erazo Diaz and Adam Zylbersztejn

Journal of Economic Behavior & Organization, 2023, vol. 216, issue C, 711-732

Abstract: We use an experimental asset market with eye-tracker measurements for a novel exploration of the cognitive validity of a classic heterogeneous trader taxonomy. Following a top-down approach, we assume that the patterns of information acquisition are governed by one of the three trading strategies, either feedback, passive, or speculative. In line with our first hypothesis, speculators seek information about market expectations. Notwithstanding the two other hypotheses, feedback traders reveal patterns of information acquisition that could ex ante be expected from passive traders, and vice versa.

Keywords: Experiment; Asset market; Information acquisition; Eye-tracking (search for similar items in EconPapers)
JEL-codes: C92 G41 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0167268123003736
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Trading and Cognition in Asset Markets: An Eye-tracking Experiment (2023)
Working Paper: Trading and Cognition in Asset Markets: An Eye-tracking Experiment (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:216:y:2023:i:c:p:711-732

DOI: 10.1016/j.jebo.2023.10.019

Access Statistics for this article

Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D.

More articles in Journal of Economic Behavior & Organization from Elsevier
Bibliographic data for series maintained by Catherine Liu ().