2015 Conference
October 15–16, 2015
Orlando, FL
Welcome to the AFS Conference 2015 Schedule App. Please use the search features to see when your session or poster has been scheduled to take place.
Public Reaction to Stock Market Volatility: Evidence from the ATUS
Keywords: 5 words maximum
Investor Sentiment, Stock Market Reaction, Financial Well-Being, Risk, Volatility
Very short description for use in the program to help attendees understand more than a title can describe
How does the public react to stock market movements? We employ the Granger causality method on daily time diary data from the American Time Use Survey to test for significance correlations between public affective well-being and lagged daily market returns. We find that the public reacts to market returns on a 30-90 day lag. This result may be related to a number of observed market behaviors, including the tendency to mistime the market and the disposition effect. This information may also useful to financial planners for managing client expectations and reactions.
Lead & Corresponding Author
Patrick Payne, Texas Tech University
Job Title
PhD Candidate
Additional Authors
Dr. Chris Browning, Ph.D., Texas Tech University
Job Title
Assistant Professor
Charlene Kalenkoski, PhD, Texas Tech University
Job Title
Associate Professor