Information Dissemination in Financial Markets

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Type and Duration

PhD-Thesis, February 2019 until January 2023 (finished)

Coordinator

Chair in Finance

Main Research

Wealth Management

Field of Research

Behavioural Finance

Description

The dissertation project consists of three studies that investigate how information disseminates in financial markets. Rather than limiting information dissemination strictly to market interaction, the author focuses on scenarios in which information disseminates before it is reflected in market prices. Given that actual investment decisions might be influenced by social interaction in networks, the first two studies explore why traders are willing to cooperate and share information on a voluntary basis. Tying in with literature on how presentation formats affect decision-making, my last study employs eye-tracking technology to assess which information sources gain primarily investors' attention. Future research can use these findings to improve experimental trading interfaces and highlight information that might be otherwise neglected.

Keywords

information exchange, Laboratory Experiment, Information dissemination, Eye-tracking