Performance and learning in an ambiguous environment: A study of cryptocurrency traders

Gemayel, Roland; Preda, Alex

doi:10.1016/j.irfa.2021.101847

Cited by 10 publications

(3 citation statements)

References 25 publications

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“…As far as future lines of research, in investor behavior in the cryptocurrency markets, (cluster 1) we found: (1) the need to further investigate the disposition effect among cryptocurrency investors (Gemayel and Preda 2021); (2) the need to analyze the impact of monetary and governmental policies on cryptocurrency investors (Mnif et al 2020); (3) the need to further investigate herding behavior in the crypto market (Papadamou et al 2021); (4) the need to include variables such as perceived knowledge, emotional intelligence, profitability, anonymity, risk aversion, and convenience (Gupta et al 2020).…”

Section: Main Futures Lines Of Researchmentioning

confidence: 93%

A Decade of Cryptocurrency Investment Literature: A Cluster-Based Systematic Analysis

Almeida

Gonçalves

2023

IJFS

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This study aims to systematically analyze and synthesize the literature produced thus far on cryptocurrency investment. We use a systematic review process supported by VOSviewer bibliographic coupling to review 482 papers published in the ABS 2021 journal list, considering all different areas of knowledge. This paper contributes an in-depth systematic analysis on the unconsolidated topic of cryptocurrency investment through the use of a cluster-based approach grounded in a bibliographic coupling analysis, revealing complex network associations within each cluster. Four literature clusters emerge from the cryptocurrency investment literature, namely, investigating investor behavior, portfolio diversification, cryptocurrency market microstructure, and risk management in cryptocurrency investment. Additionally, the study delivers a qualitative analysis that reveals the main conclusions and future research venues by cluster. The findings provide researchers with cluster-based information and structured networking for research outlets and literature strands.

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Section: Main Futures Lines Of Researchmentioning

confidence: 93%

A Decade of Cryptocurrency Investment Literature: A Cluster-Based Systematic Analysis

Almeida

Gonçalves

2023

IJFS

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“…The lack of a unified reference currency across cryptocurrency accounts makes performance appraisal equivocal (Gemayel and Preda, 2021).…”

Section: Performance Metricsmentioning

confidence: 99%

Sentiment and trading decisions in an ambiguous environment: A study on cryptocurrency traders

Bowden

Gemayel²

2022

Journal of International Financial Markets, Institutions and Mo

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“…Cerdas berinvestasi juga berarti mampu menghadapi efek disposisi dengan baik sehingga performa nilai aset yang dikelola bisa lebih baik. Seiring dengan berjalannya waktu, investor menjadi lebih memahami ketidakpastian dari pasar aset cryptocurrencies yang disebabkan oleh adaptasi dan transaksi yang dilakukan pada pasar tersebut (Gemayel & Preda, 2021). Sehingga investor mampu mendeteksi penurunan yang membutuhkan aksi cut loss dengan segera sebelum terlambat.…”

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Investasi Cryptocurrencies. Bertahan dengan Kerugian Cryptocurrencies?

Kiky,

Saputera

2023

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Holding the loss without reason is one of the behavioural biases which are very common to be found in investment. Investment is also entering a new era of modern and sophisticated assets. One of these assets is known as cryptocurrencies. This article is written to detect whether the disposition effect is occurring to cryptocurrency investors and whether they are holding the loss. The disposition effect in this research was measured as respondents' perception of whether they sold the winning assets too fast and kept the failure in the long run. The result from this research is disposition effect was indeed found in descriptive statistics but failed to confirm the influence of independent variables on the disposition effect using the linear regression method. There is no effect of financial literacy, overconfidence, regret aversion, and risk tolerance on the perceptional disposition effect, which the emotional factor of loss aversion might cause. This will cause an individual to be reluctant to realize the loss in the hope the asset will return to the initial purchasing price. Further investigation will be the future area for developing research about the disposition effect. Interestingly, this research also found the literacy score of the respondents is deficient, but they are very confident in investing in the most volatile asset, such as cryptocurrencies. This research has several limitations, such as the sample being relatively similar in financial literacy, so selecting a wide range (heterogenous), sample in future research is crucial. Another improvement is in methodology, and perhaps an experimental approach could be a promising field in the study of behavioural bias in the future.

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Performance and learning in an ambiguous environment: A study of cryptocurrency traders

Cited by 10 publications

References 25 publications

A Decade of Cryptocurrency Investment Literature: A Cluster-Based Systematic Analysis

A Decade of Cryptocurrency Investment Literature: A Cluster-Based Systematic Analysis

Sentiment and trading decisions in an ambiguous environment: A study on cryptocurrency traders

Investasi Cryptocurrencies. Bertahan dengan Kerugian Cryptocurrencies?

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