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Copy Trading [Dataset]
- heidata.uni-heidelberg.de
Updated Sep 14, 2020+ more versions
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EmailClick to copy linkLink copiedCiteJose Apesteguia; Jörg Oechssler; Simon Weidenholzer; Jose Apesteguia; Jörg Oechssler; Simon Weidenholzer (2020). Copy Trading [Dataset] [Dataset]. http://doi.org/10.11588/DATA/PAMQ0Bapplication/x-stata-syntax(11069), bin(1419), xlsx(3353657), xlsx(3923103), application/x-stata-syntax(12423), txt(6929), xlsx(3887374), bin(1250), xlsx(3437326), xlsx(4754434), bin(539), bin(1187), bin(671), bin(1200), bin(1278), xlsx(3272037), xlsx(2917987), tsv(5358066), xlsx(2499872), text/x-log(97541), tsv(3754334), xlsx(3983799), bin(1102), xlsx(3651017), bin(920), xlsx(4085295), bin(756), xlsx(3599523)Available download formatsUnique identifierhttps://doi.org/10.11588/DATA/PAMQ0BDataset updatedSep 14, 2020Dataset provided byheiDATAAuthorsJose Apesteguia; Jörg Oechssler; Simon Weidenholzer; Jose Apesteguia; Jörg Oechssler; Simon WeidenholzerLicensehttps://heidata.uni-heidelberg.de/api/datasets/:persistentId/versions/1.0/customlicense?persistentId=doi:10.11588/DATA/PAMQ0Bhttps://heidata.uni-heidelberg.de/api/datasets/:persistentId/versions/1.0/customlicense?persistentId=doi:10.11588/DATA/PAMQ0B
DescriptionCopy trading allows traders in social networks to receive information on the success of other agents in financial markets and to directly copy their trades. Internet platforms like eToro, ZuluTrade, and Tradeo have attracted millions of users in recent years. The present paper studies the implications of copy trading for the risk taking of investors. Implementing a novel experimental financial asset market, we show that providing information on the success of others leads to a significant increase in risk taking of subjects. This increase in risk taking is even larger when subjects are provided with the option to directly copy others. We conclude that copy trading leads to excessive risk taking.
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Copy trading allows traders in social networks to receive information on the success of other agents in financial markets and to directly copy their trades. Internet platforms like eToro, ZuluTrade, and Tradeo have attracted millions of users in recent years. The present paper studies the implications of copy trading for the risk taking of investors. Implementing a novel experimental financial asset market, we show that providing information on the success of others leads to a significant increase in risk taking of subjects. This increase in risk taking is even larger when subjects are provided with the option to directly copy others. We conclude that copy trading leads to excessive risk taking.