Practical Application of Sentiment Indicators in Financial Analysis: Behavioral Finance Approach
Autoři | |
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Rok publikování | 2016 |
Druh | Článek ve sborníku |
Konference | European Financial Systems 2016 |
Fakulta / Pracoviště MU | |
Citace | |
www | http://is.muni.cz/do/econ/sborniky/2016/EFS2016-Proceedings_final_September_12_final_web.pdf |
Obor | Řízení, správa a administrativa |
Klíčová slova | sentiment indicator; behavioral finance; heuristics and biases |
Popis | Behavioral finance assumes that individual financial decisions are influenced by emotions and mood. A public sentiment and its effect on collective decision-making have been studied in a number of publications giving the vast variety of research design. This paper examines various techniques in measuring market sentiment and its applications in analysis of financial data. Using a qualitative, exploratory approach, the study identifies trends in sentiment indicators and also tries to analytically categorize heuristics and behavioral biases connected to public mood. |
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