550
Views
7
CrossRef citations to date
0
Altmetric
ARTICLES

Greed and Fear in Financial Markets: The Case of Stock Spam E-Mails

&
Pages 83-93 | Published online: 29 May 2013

REFERENCES

  • Asquith , Paul , Mikhail , Michael B. and Au , Andrea S. 2005 . Information Content of Equity Analyst Reports . Journal of Financial Economics , 75 : 245 – 282 .
  • Barber , Brad M. and Odean , Terrance . 2008 . All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors . Review of Financial Studies , 21 : 785 – 818 .
  • Barberis , Nicholas and Huang , Ming . 2008 . Stocks as Lotteries: The Implications of Probability Weighting for Security Prices . American Economic Review , 98 : 2066 – 2100 .
  • Berns , Gregory S. 2008 . Nonlinear Neurobiological Probability Weighting Functions for Aversive Outcomes . NeuroImage , 39 : 2047 – 2057 .
  • Bohme , Rainer and Holz , Thorsten . 2006 . The Effect of Stock Spam on Financial Markets . SSRN Working Paper No. 897431
  • Brav , Alon and Lehavy , Reuven . 2003 . An Empirical Analysis of Analysts’ Target Prices: Short-Term Informativeness and Long-Term Dynamics . The Journal of Finance , 58 : 1933 – 1967 .
  • Brunnermeier , Markus K. , Gollier , Christian and Parker , Jonathan A. 2007 . Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns . The American Economic Review , 97 : 159 – 165 .
  • Da , Zhi and Schaumburg , Ernst . 2011 . Relative Valuation and Analyst Target Price Forecasts . Journal of Financial Markets , 14 : 161 – 192 .
  • Easley , David and O’Hara , Maureen . 2009 . “Ambiguity and Nonparticipation: The Role of Regulation . Review of Financial Studies , 22 : 1817 – 1843 .
  • Easley , David and O’Hara , Maureen . 2010 . Microstructure and Ambiguity . The Journal of Finance , 65 : 1817 – 1846 .
  • Ellsberg , Daniel . 1961 . Risk, Ambiguity and the Savage Axioms . The Quarterly Journal of Economics , 75 : 643 – 669 .
  • Fang , Lily and Peress , Joel . 2009 . Media Coverage and the Cross-Section of Stock Returns . The Journal of Finance , 64 : 2023 – 2052 .
  • Frieder , Laura and Zittrain , Jonathan . 2008 . Spam Works: Evidence From Stock Touts and Corresponding Market Activity . Hastings Communications & Entertainment Law Journal , 30 : 479 – 520 .
  • Grou , Breno and Tabak , Benjamin M. 2008 . Ambiguity Aversion and Illusion of Control: Experimental Evidence in an Emerging Market . Journal of Behavioral Finance , 9 : 22 – 29 .
  • Hanke , Michael and Hauser , Florian . 2008 . On the Effects of Stock Spam E-mails . Journal of Financial Markets , 11 : 57 – 83 .
  • Hsu , Ming . 2005 . Neural Systems Responding to Degrees of Uncertainty in Human Decision Making . Science , 310 : 1680 – 1683 .
  • Hsu , Ming . 2009 . Neural Response to Reward Anticipation Under Risk Is Nonlinear in Probabilities . Journal of Neuroscience , 29 : 2231 – 2237 .
  • Hu , Bill , McInish , Thomas and Zeng , Li . 2009 . The CAN-SPAM Act of 2003 and Stock Spam Emails. . Financial Services Review , 18 : 87 – 104 .
  • Hu , Bill , McInish , Thomas and Zeng , Li . Gambling in Penny Stocks: The Case of Stock Spam E-Mails . International Journal of Cyber Criminology , 4, (2010), pp. 610–629
  • Huang , Joshua G. , Mian , Mujtaba and Sankaraguruswamy , Srinivasan . 2009 . The Value of Combining the Information Content of Analyst Recommendations and Target Prices . Journal of Financial Markets , 12 : 754 – 777 .
  • Huberman , Gur and Regev , Tomer . 2001 . Contagious Speculation and a Cure For Cancer: A Nonevent That Made Stock Prices Soar . The Journal of Finance , 56 : 387 – 396 .
  • Kahneman , Daniel and Tversky , Amos . 1979 . Prospect Theory: An Analysis of Decision Under Risk . Econometrica: Journal of the Econometric Society , 47 : 263 – 291 .
  • Kliger , Doron and Levy , Ori . 2009 . Theories of Choice Under Risk: Insights from Financial Markets . Journal of Economic Behavior & Organization , 71 : 330 – 346 .
  • Knight , Frank Hyneman . 1921 . Risk, Ambiguity, and Profit , Boston , MA : Houghton, Mifflin .
  • Lesmond , David A. , Ogden , Joseph P. and Trzcinka , Charles A. 1999 . A New Estimate of Transaction Costs . Review of Financial Studies , 12 : 1113 – 1141 .
  • Lo , Andrew W. , Repin , Dmitry V. and Steenbarger , Brett N. 2005 . Fear and Greed in Financial Markets: A Clinical Study of Day Traders . American Economic Review , 95 : 352 – 359 .
  • Malmendier , Ulrike and Shanthikumar , Devin . 2007 . Are Small Investors Naive About Incentives? . Journal of Financial Economics , 85 : 457 – 489 .
  • Merton , Robert C. 1987 . A Simple Model of Capital Market Equilibrium With Incomplete Information . The Journal of Finance , 42 : 483 – 510 .
  • Mikhai , Michael B. , Walther , Beverly R. and Willis , Richard H. 2007 . When Security Analysts Talk, Who Listens? . The Accounting Review , 82 : 1227 – 1253 .
  • Peterson , Richard L. 2007 . Affect and Financial Decision Making: How Neuroscience Can Inform Market Participants . Journal of Behavioral Finance , 8 : 70 – 78 .
  • Tversky , Amos and Kahneman , Daniel . 1992 . Advances in Prospect Theory: Cumulative Representation of Uncertainty . Journal of Risk and Uncertainty , 5 : 297 – 323 .
  • Victoravich , Lisa M. 2010 . Overly Optimistic? Investor Sophistication and the Role of Affective Reactions to Financial Information in Investors’ Stock Price Judgments . Journal of Behavioral Finance , 11 : 1 – 10 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.