Investor emotions and the psychodynamics of asset pricing bubbles: a Chinese perspective

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dc.contributor.authorTaffler, Richard
dc.contributor.authorBellotti, Xijuan
dc.contributor.authorAgarwal, Vineet
dc.contributor.authorLi, Linglu
dc.date.accessioned2022-12-15T10:09:35Z
dc.date.available2022-12-15T10:09:35Z
dc.date.issued2022-11-12
dc.description.abstractThis paper explores the powerful emotions unleashed during asset pricing bubbles. Adopting a psychoanalytic perspective, we develop a five-stage path-dependent model of such financial crises and test this empirically on the Chinese 2005–2008 and 2014–2016 stock market bubbles. Results are consistent with our underlying theory and demonstrate how investors experience a range of highly charged emotions directly related with different market states during such episodes. Our evidence suggests that if we wish properly to understand and explain such destructive events, we also need to recognize the fundamental role investor unconscious fantasies and market psychodynamic processes play in their etiology.en_UK
dc.identifier.citationTaffler R, Bellotti X, Agarwal V, Li L. (2022) Investor emotions and the psychodynamics of asset pricing bubbles: a Chinese perspective. Journal of Behavioral Finance, Available online 12 November 2022en_UK
dc.identifier.issn1542-7560
dc.identifier.urihttps://doi.org/10.1080/15427560.2022.2138391
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/18826
dc.language.isoenen_UK
dc.publisherTaylor and Francisen_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectContent analysisen_UK
dc.subjectFinancial mediaen_UK
dc.subjectInvestor psychologyen_UK
dc.subjectLarge group psychodynamicsen_UK
dc.subjectPhantastic objectsen_UK
dc.titleInvestor emotions and the psychodynamics of asset pricing bubbles: a Chinese perspectiveen_UK
dc.typeArticleen_UK

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