Using data on stocks held by individual investors at retail brokerage firm Robinhood, we
document that these investors are actively engaged in both momentum and contrarian …

Both gambling and trading involve risk-taking in exchange for potential financial gains. In
particular, speculative high-risk high-frequency trading closely resembles disordered …

We offer a new metric of stock market speculative intensity: the proportion of share
purchases that are swiftly reversed, ie, sold within a short time window. An example of this …

This article explores the extent that the long‐run returns following initial public offerings
(IPOs) can explain the asserted decrease in IPOs in Canada. The causes of such a …

We construct a measure of public gambling sentiment using the Baidu index and empirically
examine the influence of temporal fluctuations in gambling sentiment on the performance of …

This study examines the effect of investor birth cohorts on speculative investment
preferences. Using retail trading and portfolio data from Finland over two decades, we find …

The house money effect is the tendency of individuals to exhibit risk-seeking behavior after a
prior gain. Individuals differentiate their perceived gains with own money. This behavioral …

This dissertation explores episodes of intraday stock price bubbles in small-and micro-cap
stocks, a type of price bubble that is understudied in traditional financial literature. Stock …

This paper examines the impact of conditional order usage on the disposition effect in the
stock market. Taking advantage of proprietary Australian stock brokerage data, we employ …

This study is the first to apply human beings' preferred diurnal rhythm, that is, morningness
or eveningness, to the field of behavioural finance. Employing proprietary stock trading data …