Please wait a minute...
Advances in Psychological Science    2014, Vol. 22 Issue (11) : 1770-1781     DOI: 10.3724/SP.J.1042.2014.01770
Regular Articles |
Can Mood Predict Stock Market ?
LAI Kaisheng1; CHEN Hao1; YUE Guoan1; DONG Yinghong2
(1 Department of Social Psychology, Nankai University, Tianjin 300071, China) (2 Department of Psychology, School of Educational Science, Ludong University, Yantai 264011, China)
Download: PDF(437 KB)  
Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks    
Abstract  

Human irrationality is seen as the main reason for economic fluctuations by economist Keynes, while mood is one of the key factors leading to irrational behavior. This paper thus aims to examine whether mood can correlate to, even predict stock market fluctuations. Firstly, authors try to explain how the mood of decision-makers and social mood influence financial decision-making by the views of psychology and physiology. Secondly, authors broadly divided the studies on the relationship between mood and stock market from the perspectives of investors’ moods and social mood. Studies from the perspective of investors’ mood mainly construct mood indicators through subjective surveys and objective market indicators. In recent years, however, the social mood studies, especially those based on the Internet and information technology, infuse vigor into the study on the relationship between mood and stock market. The relationship between mood and stock market is far from conclusive, and the internal mechanisms on how mood influences stock market should be explored further. What’s more, information technology and the Internet can play a more and more significant role in the future studies on exploring the relationship between mood and stock market.

Keywords mood      stock market      behavioral finance      social mood      internet      behavioral financial informatics     
Corresponding Authors: CHEN Hao, E-mail: hull1919@gmail.com   
Issue Date: 15 November 2014
Service
E-mail this article
E-mail Alert
RSS
Articles by authors
LAI Kaisheng
CHEN Hao
YUE Guoan
DONG Yinghong
Cite this article:   
LAI Kaisheng,CHEN Hao,YUE Guoan, et al. Can Mood Predict Stock Market ?[J]. Advances in Psychological Science, 2014, 22(11): 1770-1781.
URL:  
http://journal.psych.ac.cn/xlkxjz/EN/10.3724/SP.J.1042.2014.01770     OR     http://journal.psych.ac.cn/xlkxjz/EN/Y2014/V22/I11/1770
[1] HE Jinbo, NIE Yufeng, ZHOU Zongkui, CHAI Yao.  Are both neural mechanisms of Internet gaming and heroin addicts the same? Research evidence based on MRI[J]. Advances in Psychological Science, 2017, 25(8): 1327-1336.
[2] LI Yongshuai, HUANG Zhenwei, TAN Xunyun, LIU Li.  Cultural difference and cultural change in internet data[J]. Advances in Psychological Science, 2017, 25(6): 1045-1057.
[3] JING Jiaojiao; GAO Chuang; NIU Gengfeng. The effect of internet use on empathy[J]. Advances in Psychological Science, 2017, 25(4): 652-661.
[4] YAN Wansen; ZHANG Ranran; LIU Sujiao. The neural mechanisms of impulsivity implicated in drug addiction and non-drug addiction[J]. Advances in Psychological Science, 2016, 24(2): 159-172.
[5] WANG Yuqi; YU Zhenkun; LUO Yu; CHEN Jieming; CAI Huajian. Conducting Psychological Research via the Internet: In the West and China[J]. Advances in Psychological Science, 2015, 23(3): 510-519.
[6] HE Zhenhong; ZHANG Dandan; LUO Yuejia. Mood-Congruent Cognitive Bias in Depressed Individuals[J]. Advances in Psychological Science, 2015, 23(12): 2118-2128.
[7] NIU Gengfeng;SUN Xiaojun;ZHOU Zongkui;WEI Hua. A Review of Cognitive Neuroscience Studies on Internet Addiction[J]. Advances in Psychological Science, 2013, 21(6): 1104-1111.
[8] WANG Jie;CHEN Jianzhi;YANG Lin;GAO Shuang. Meta-Analysis of the Relationship between Sensation Seeking and Internet Addiction[J]. Advances in Psychological Science, 2013, 21(10): 1720-1730.
[9] LEI Li. Prevention of Adolescents’ Internet Addiction: Based on the Evidence from Research[J]. , 2012, 20(6): 791-797.
[10] HE Jin-Bo;HONG Wei-Qi;BAO Yuan-Chun;LEI Yu-Ju. Are the Internet Addicts’ Brain Different from the Normal Users’?[J]. Advances in Psychological Science, 2012, 20(12): 2033-2041.
[11] ZHENG Pu;LIU Cong-Hui;YU Guo-Liang. An Overview of Mood-induction Methods[J]. , 2012, 20(1): 45-55.
[12] JIANG Jun;CHEN Xue-Fei;CHEN An-Tao. The Effect of Positive Mood on Visual Attention and Its Mechanism[J]. , 2011, 19(5): 701-711.
[13] CHAI Xiao-Yun;GONG Shao-Ying. Adolescents’ Identity Experiments: The Perspective of Internet Environment[J]. , 2011, 19(3): 364-371.
[14]

ZHOU Xiang-Xian; SUN Peng-Zhi

. The Psychological Effect of Internet Advertising and Its Theoretical Discussion[J]. , 2010, 18(05): 790-799.
[15] MENG Qing-Dong;WANG Zheng-Yan. The Nature and Causes of Internet Close Relationship[J]. , 2009, 17(02): 396-402.
Viewed
Full text


Abstract

Cited

  Shared   
  Discussed   
Copyright © Advances in Psychological Science
Support by Beijing Magtech