Agenda

27 May 2025 12:30

Trading by Professional Traders

San Giobbe - Aula Saraceno

This event is part of VSM Lectures, a series of seminars by top scholars from renowned international universities and institutions. Invited speakers present their recent studies, share key findings, and explore the impact of their research on the challenges currently faced by society and organizations.

Trading by Professional Traders                                                                                                                     
VSM lecture held by Antonio Guarino - Department of Economics, University College London (UCL)

The event will also be available online via Gmeet.

Abstract:                                                                                                                                                            
We study the behavior of professional traders in an experiment in which, endowed with private information, they trade an asset over multiple periods. Professional traders do not produce the price bubbles observed with student subjects and aggregate private information better; bubbles also do not arise in mixed markets with traders and students trading together. Professional traders exhibit higher strategic sophistication than students as measured by their Guessing Game choices.We link strategic sophistication to trading in the financial market, and show that traders with higher levels of strategic sophistication earn higher capital gains and trading profits.

Language

The event will be held in English

Organized by

Venice School of Management

Downloads

Poster 356 KB

Search in the agenda