Investor Behavior in Extreme Situations of Speculation and Crash: An Approach based on Iterated Prisoner’s Dilemma

Rui Miguel Silva, José António Filipe, Ana Costa
International Journal of Finance, Insurance and Risk Management, Volume 2, Issue 3, 169, 2012
DOI: 10.35808/ijfirm/43


This paper analyzes the investor behavior in situations of speculation and crash on stock markets. The investors’ main behavioral features are addressed, notably those related to cognitive and decision-making matters, in order to obtain an individual and an aggregated behavioral profile of the investor in situations of extreme events.

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