Behavioural finance and cryptocurrencies

【Author】 Ballis, Antonis; Verousis, Thanos

【Source】REVIEW OF BEHAVIORAL FINANCE

【影响因子】0.000

【Abstract】Purpose The present study sets out to examine the empirical literature on the behavioural aspects of cryptocurrencies, showing the findings of related studies and discussing the various results. A systematic literature review of cryptocurrencies in behavioural finance seems to be timely and particularly important in terms of providing a guide for future research. Key topics include an extent review on the issue of herding behaviour amongst cryptocurrencies, momentum effects and overreaction, contagion effect, sentiment and uncertainty, along with studies related to investment decision-making, optimism bias, disposition, lottery and size effects. Design/methodology/approach Systematic literature review. Findings A systematic literature review of cryptocurrencies in behavioural finance seems to be timely and particularly important in terms of providing a guide for future research. Key topics include an extent review on the issue of herding behaviour amongst cryptocurrencies, momentum effects and overreaction, contagion effect, sentiment (investor's, market's) and uncertainty, along with studies related to investment decision-making, optimism bias, disposition, lottery and size effect. Originality/value The authors' survey paper complements recent papers in the area by offering a systematic account on the influence of behavioural factors on cryptocurrencies. Further, this study's purpose is not just to index the relevant literature, but rather to showcase and pinpoint several research areas that have emerged in the field of behavioural cryptocurrency research. For all these reasons, a systematic literature review of cryptocurrencies in behavioural finance seems to be timely and particularly important.

【Keywords】Behavioural finance; Bitcoin; Cryptocurrencies; Herding; Momentum; Sentiment; G1; G4

【发表时间】

【收录时间】2022-06-29

【文献类型】理论性文章

【主题类别】

区块链治理-市场治理-数字货币