%0 Journal Article
%T To sell or not to sell? Behavior of shareholders during price collapses
%A Bertrand M. Roehner
%J Quantitative Finance
%D 2001
%I arXiv
%R 10.1142/S0129183101001390
%X It is a common belief that the behavior of shareholders depends upon the direction of price fluctuations: if prices increase they buy, if prices decrease they sell. That belief, however, is more based on ``common sense'' than on facts. In this paper we present evidence for a specific class of shareholders which shows that the actual behavior of shareholders can be markedly different.
%U http://arxiv.org/abs/cond-mat/0102042v1