Objective
In the finance discipline a lot of work has been conducted on the pricing of securities and derivatives. These pricing studies have been very important for the financial industry and economy in general. Recently, finance scholars turned to the psychology discipline to better understand how market participants behave in financial markets.
The project will analyze market participants' behaviour in financial markets by truly understanding the underlying decision-making process of market participants. Since this process is latent (not directly observable), it is hard to study. However, the recent developments in the marketing and psychological disciplines provide tools that enable to model these latent processes.
The project will run experiments with private investors to model the underlying decision-making process, and combine this experimental data with 'hard' trading data of the same private investors. In addition, it is recognized that the underlying decision-making process of market participants may be different for different segments of market participants.
That is, while previous research modelled the 'average' market participant (by running a model across the whole population), here it allows for heterogeneity in the underlying decision-making process and hence it will be able to explain and understand heterogeneous behaviour that will be observed in financial markets. This project takes a marketing-finance interface approach, in that it will use the model that describes the underlying decision-making process as an input for the marketing product development model.
That is, the project will not only yield understanding in how market participants behave, based on the true driver of behaviour, the decision-making process of market participants, but also will yield a methodology to develop new financial products that will reflect the behaviour of market participants.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences media and communications journalism
- natural sciences computer and information sciences databases
- social sciences psychology social psychology
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP6-2004-MOBILITY-12
See other projects for this call
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
IRG - Marie Curie actions-International re-integration grants
Coordinator
MAASTRICHT
Netherlands
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.