Koedijk, KeesG. and Stork, PhilipA. (1994). Should we care? psychological barriers in stock markets Economics Letters, 44(4):427--432.

Affiliated author

Philip Stork
Publication year

1994

Journal

Economics Letters

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For three out of five major stockmarkets it is found that those levels which are a multiple of a hundred are approached and transgressed relatively infrequently. We explicitly test for the effect of sample bias and conduct a forecasting experiment.