TY - JOUR AU - Pelster, Matthias ID - 15306 JF - Economics Letters SN - 0165-1765 TI - The gambler’s and hot-hand fallacies: Empirical evidence from trading data VL - 187 ER - TY - JOUR AU - Fritz, Marlon AU - Gries, Thomas AU - Feng, Yuanhua ID - 9920 JF - Economics Letters SN - 0165-1765 TI - Secular stagnation? Is there statistical evidence of an unprecedented, systematic decline in growth? VL - 181 ER - TY - JOUR AU - Breitmayer, Bastian AU - Hasso, Tim AU - Pelster, Matthias ID - 13121 JF - Economics Letters SN - 0165-1765 TI - Culture and the disposition effect VL - 184 ER - TY - JOUR AB - Are cryptocurrency traders driven by a desire to invest in a new asset class to diversify their portfolio or are they merely seeking to increase their levels of risk? To answer this question, we use individual-level brokerage data and study their behavior in stock trading around the time they engage in their first cryptocurrency trade. We find that when engaging in cryptocurrency trading investors simultaneously increase their risk-seeking behavior in stock trading as they increase their trading intensity and use of leverage. The increase in risk-seeking in stocks is particularly pronounced when volatility in cryptocurrency returns is low, suggesting that their overall behavior is driven by excitement-seeking. AU - Pelster, Matthias AU - Breitmayer, Bastian AU - Hasso, Tim ID - 10279 JF - Economics Letters KW - cryptocurrencies KW - bitcoin KW - investor KW - risk-seeking SN - 0165-1765 TI - Are cryptocurrency traders pioneers or just risk-seekers? evidence from brokerage accounts VL - 182 ER - TY - JOUR AU - Brangewitz, Sonja AU - Gamp, Jan-Philip ID - 2543 IS - 2 JF - Economics Letters SN - 0165-1765 TI - Asymmetric Nash bargaining solutions and competitive payoffs VL - 121 ER - TY - JOUR AU - Niemann, Rainer AU - Sureth-Sloane, Caren ID - 14965 IS - 1 JF - Economics Letters SN - 0165-1765 TI - Tax neutrality under irreversibility and risk aversion VL - 84 ER -