How Frequent Trading and Frequent Portfolio Monitoring Are Related to Extreme Emotions, Overconfidence and Impulsivity

Michal Strahilevitz, Victoria University of Wellington, New Zealand
Joseph Harvey, University of Colorado, USA
Dan Ariely, Duke University, USA
Two surveys of active investors explore how frequent stock trading relates to emotionality, self-control and tendency towards addiction. We also examine correlations with frequent monitoring of one’s portfolio, use of mobile technology and several physical and emotional health measures. The results illuminate potential causes and consequences of frequent trading.
[ to cite ]:
Michal Strahilevitz, Joseph Harvey, and Dan Ariely (2015) ,"How Frequent Trading and Frequent Portfolio Monitoring Are Related to Extreme Emotions, Overconfidence and Impulsivity", in NA - Advances in Consumer Research Volume 43, eds. Kristin Diehl and Carolyn Yoon, Duluth, MN : Association for Consumer Research, Pages: 90-94.