Behavioural finance and cryptocurrencies
Ballis, Antonis Verousis, Thanos
Ballis, Antonis
Verousis, Thanos
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2022-09-05
Journal
Review of Behavioral Finance
Book
Publication Volume
14
Publication Issue
4
Publication Begin page
545
Publication End page
562
Publication Number of pages
Collections
Abstract
Purpose The present study sets out to examine the empirical literature on the behavioural aspects of cryptocurrencies, showing the findings of related studies and discussing the various results. A systematic literature review of cryptocurrencies in behavioural finance seems to be timely and particularly important in terms of providing a guide for future research. Key topics include an extent review on the issue of herding behaviour amongst cryptocurrencies, momentum effects and overreaction, contagion effect, sentiment and uncertainty, along with studies related to investment decision-making, optimism bias, disposition, lottery and size effects. Design/methodology/approach Systematic literature review. Findings A systematic literature review of cryptocurrencies in behavioural finance seems to be timely and particularly important in terms of providing a guide for future research. Key topics include an extent review on the issue of herding behaviour amongst cryptocurrencies, momentum effects and overreaction, contagion effect, sentiment (investor's, market's) and uncertainty, along with studies related to investment decision-making, optimism bias, disposition, lottery and size effect. Originality/value The authors' survey paper complements recent papers in the area by offering a systematic account on the influence of behavioural factors on cryptocurrencies. Further, this study's purpose is not just to index the relevant literature, but rather to showcase and pinpoint several research areas that have emerged in the field of behavioural cryptocurrency research. For all these reasons, a systematic literature review of cryptocurrencies in behavioural finance seems to be timely and particularly important.
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Keywords
3502 Banking, Finance and Investment, 35 Commerce, Management, Tourism and Services, Generic health relevance