Answers are grounded in this paper and cite their sources.
Fear and Greed in Financial Markets: A Clinical Study of Day-Traders by Andrew W. Lo, Dmitry V. Repin and Brett N. Steenbarger. Published in volume 95, issue 2, pages 352-359 of American Economic Review, May 2005
No takes yet. Share an insight, caveat, or question.
Lo et al. (2005) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: