Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/24004
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dc.contributor.advisorJacob, Joshy
dc.contributor.authorKumar, Ishu
dc.contributor.authorMistry, Divyesh Ashwin
dc.date.accessioned2021-06-03T11:44:48Z
dc.date.available2021-06-03T11:44:48Z
dc.date.issued2019
dc.identifier.urihttp://hdl.handle.net/11718/24004
dc.description.abstractThe real world financial markets are known to have inefficiency driven by a number of cognitive limitations and emotional biases. Research has shown that human cognitive capabilities are significantly constrained in their functioning. What we perceive as reality is largely an illusion constructed by our brains1. Over the course of time, however, the human brain is capable of adapting to its environment and of producing relevant information through processes of learning, memory and attention2. Humans tend to create cognitive shortcuts in the process, but they are maladapted for financial world and often creates distortions in the market. For instance, investors and traders leverage a moving average timing strategy of technical analysis to portfolios sorted by volatility to generate investment timing portfolios that substantially outperform the buy-and-hold strategy3. The chartists employ a wide variety of technical rules based on the price history of an asset in an effort to minimize the cognitive effort involved in the valuation of financial assets.en_US
dc.language.isoenen_US
dc.publisherIndian Institute of Management Ahmedabaden_US
dc.subjectMarket irratationalityen_US
dc.subjectTechnical profitabilityen_US
dc.subjectFinancial marketsen_US
dc.titleUnderstanding market irrationality and indicators of technical profitabilityen_US
dc.typeStudent Projecten_US
Appears in Collections:Student Projects

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