Group polarization, transition points and coherent market model

Maciej Ciołek

Abstract

This article presents an alternative sociodynamic non-linear model of a stock market price changes that describes market phases in a more precise manner than Coherent Market Model. Most importantly it allows, with high accuracy, identification of transition points between phases. The model is based on a theory of social psychology, including in particular the phenomenon of group polarization that provides an explanation of slumps in the stock market. In opposition to the Coherent Market Hypothesis it includes the market phase, which remained unnoticed by T. Vaga. Such periods are characterized by even higher annual expected return rates and better risk-reward ratio.
Author Maciej Ciołek (WZ / KR)
Maciej Ciołek,,
- Department of Accounting
Journal seriesInternational Review of Business Research Papers, ISSN 1837-5685, e-ISSN 1832-9543 , (0 pkt)
Issue year2017
Vol13
No2
Pages36-52
Publication size in sheets0.8
Keywords in Englishmarket model, polarization, sociodynamics, coherent market
DOIDOI:10.21102/irbrp.2017.09.132.03
URL https://zantworldpress.com/product-single/?poId=3188&pageId=3182
Languageen angielski
Score (nominal)5
Score sourcejournalList
ScoreMinisterial score = 5.0, 07-04-2020, ArticleFromJournal
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