Should we care? psychological barriers in stock markets

Kees G. Koedijk; Philip A. Stork

doi:10.1016/0165-1765(94)90116-3

Should we care? psychological barriers in stock markets

Kees G. Koedijk
, Philip A. Stork^*

^*Corresponding author for this work

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

For three out of five major stockmarkets it is found that those levels which are a multiple of a hundred are approached and transgressed relatively infrequently. We explicitly test for the effect of sample bias and conduct a forecasting experiment.

Original language	English
Pages (from-to)	427-432
Number of pages	6
Journal	Economics Letters
Volume	44
Issue number	4
DOIs	https://doi.org/10.1016/0165-1765(94)90116-3
Publication status	Published - Apr 1994

Funding

* Corresponding author. ’ We are grateful to Frank Kleibergen, Clemens Kool, Theo Nijman, Timo MBit%, Albert de Vaal and Casper de Vries for comments and suggestions on a previous version of this paper. Any remaining errors are of course our own. The second author gratefully acknowledges grant 450-229-006 of NWO, the Dutch Research Foundation.

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abstract = "For three out of five major stockmarkets it is found that those levels which are a multiple of a hundred are approached and transgressed relatively infrequently. We explicitly test for the effect of sample bias and conduct a forecasting experiment.",

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Should we care? psychological barriers in stock markets

Abstract

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