Violence is a curvilinear function of temperature in Dallas: A replication.

Rotton, James; Cohn, Ellen G.

doi:10.1037/0022-3514.78.6.1074

Cited by 102 publications

(82 citation statements)

References 44 publications

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“…Weather was also found to influence human behaviour, for example, violent behaviour (Baron and Ransberger, 1978;Anderson, 2001), interpersonal interactions (Cunningham, 1979;Schneider et al, 1980;Rotton and Cohn, 2000) and performance (Allen and Fisher, 1978;Pilcher et al, 2002). On good weather days, people tip more generously and are more like to answer questionnaires (Cunningham, 1979), as well as give money to beggars (Lockard et al, 1976).…”

Section: Weather Mood and Stock Returnsmentioning

confidence: 95%

Effect of wind on stock market returns: evidence from European markets

Shu

Hung

2009

Applied Financial Economics

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Environmental psychology studies have found evidence that wind speed has a strong influence on mood and comfort. This study investigated the relationship between wind speed and daily stock market returns across 18 European countries from 1994 to 2004. A significant and pervasive wind effect was found on stock returns. This finding was supported by psychological literature claiming that mood affects judgement and decision-making in situations involving uncertainty and risk, and coincides with the argument of misattribution. This investigation also found strong seasonality effect and temperature effect in European stock markets. Specifically, the influence of wind on stock returns is demonstrated to be more significant than that of sunlight, indicating that wind might exert a stronger impact on mood than sunshine and hence be a better proxy for mood than sunshine. Above all, our findings contradict the rational asset-pricing hypothesis and contribute to the behavioural finance literature.

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Section: Weather Mood and Stock Returnsmentioning

confidence: 95%

Effect of wind on stock market returns: evidence from European markets

Shu

Hung

2009

Applied Financial Economics

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“…. Very low temperatures, which lead to aggression (Rotton and Cohn, 2000), are positively related to equity returns (Cao and Wei, 2005). .…”

Section: Mood Proxies and Equity Pricingmentioning

confidence: 98%

Mood and UK equity pricing

Dowling

Lucey

2008

Applied Financial Economics Letters

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We investigate the relationship between mood and UK equity pricing. Seven variables that are argued to proxy for mood are tested, including four weather variables (temperature, precipitation, wind speed and geomagnetic storms), and three biorhythm variables (Seasonal Affective Disorder, Daylight Savings Time Changes and lunar phases). Using GARCH specifications of the equity indices, and multiple constructs of each of the mood-proxy variables, we find evidence of a relationship between UK equity pricing and high temperatures and wind speed. However, the results are generally unfavourable towards a conclusion that investor mood influences aggregate UK equity pricing.

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“…Goldstein, 1972;Cunningham, 1979;Sanders and Brizzolara, 1982;Schwarz and Clore, 1983;Howarth and Hoffman, 1984;Parrott and Sabini, 1990;Watson, 2000) and behavior (Baron and Ransberger, 1978;Allen and Fisher, 1978;Cunningham, 1979;Schneider et al, 1980;Rotton and Cohn, 2000;Anderson, 2001;Pilcher et al, 2002), has attracted much interest. It is well recognized that pleasant weather causes a good mood and nasty weather causes a bad mood (e.g.…”

Section: Evidencementioning

confidence: 99%