Physiology, Psychology, and Stock Market Performance: Evidence from Sleeplessness and Distraction in the World Cup
报告题目：Physiology, Psychology, and Stock Market Performance: Evidence from Sleeplessness and Distraction in the World Cup
报 告 人：才静涵（University of Scranton, USA 助理教授）
主 持 人：周开国（中山大学岭南学院，教授）
时 间： 2018年6月1日（周五）下午16:10-17:40
地 点： 岭南堂汪道涵会议室
语 言： 中文+英文
We explore how investors’ physiological and psychological statuses affect stock market performance. Specifically, we study the impact of one physiological factor, sleeplessness due to watching World Cup games overnight, and two psychological factors, distraction from games during trading hours and mood changes due to wins and losses of the games. We uncover significantly negative effects of sleeplessness and distraction on stock returns, and the effects are stronger for countries with better soccer game records. While we find a market decline after soccer losses as documented in existing literature, it is weakened after considering sleeplessness and distraction.