Constructing conviction through action and narrative: how money managers manage uncertainty and the consequence for financial market functioning

Constructing conviction through action and narrative: how money managers manage uncertainty and the consequence for financial market functioning
复制标题

通过行动和叙述构建信念:资金管理者如何管理不确定性及其对金融市场运作的影响

DOI:
10.2139/ssrn.2405524
复制
发表时间:
2015
影响因子:
3.7
通讯作者:
D. Tuckett
D. Tuckett
中科院分区:
经济学2区
文献类型:
--
作者:
K. Chong;D. Tuckett

文献摘要

参考文献

被引文献

相似文献

通过选择不同的金融资产在其投资组合中持有,基金经理决定了全球市场的资本配置。最近的事件表明,这些市场的核心存在着深刻的不确定性,情绪的明显存在,以及信心对市场有序运作的关键作用。使用的调查结果与基金经理的访谈研究,民族志观察的支持下,我们证明了不可减少的认知和情感冲突所面临的演员,并威胁到他们的日常运作。我们引入信念叙事这个术语来分析他们如何在日常生活中处理这些冲突,以及产生了什么样的集体后果。我们的论点是,金融市场的专业知识和信念必须通过心理和社会行动的结合不断创造和更新,这意味着在宏观层面上,尽管金融市场可以是有序的,但它们本质上是脆弱的。
By selecting different financial assets to hold in their portfolios, fund managers determine the allocation of capital in global markets. Recent events have revealed profound uncertainty at the heart of such markets, the manifest existence of emotion, and the way confidence is crucial to orderly market functioning. Using findings from interview studies with fund managers, supported by ethnographic observation, we demonstrate the irreducible cognitive and emotional conflicts which face actors and which threaten their daily operations. We introduce the term conviction narrative to analyse how they manage these conflicts on a day to day basis, and with what collective consequences. Our thesis is that expertise and conviction in financial markets have constantly to be created and renewed through a combination of psychological and social action with the implication at the macro level that while financial markets can be orderly they are so in an intrinsically fragile way.
DOI: 10.1098/rstb.1996.0125
发表时间: 1996-10-29
影响因子: 6.3
作者:
Damasio, AR
通讯作者: Damasio, AR
DOI: 10.1371/journal.pone.0065636
发表时间: 2013
期刊: PloS one
影响因子: 3.7
作者:
Manchia M;Adli M;Akula N;Ardau R;Aubry JM;Backlund L;Banzato CE;Baune BT;Bellivier F;Bengesser S;Biernacka JM;Brichant-Petitjean C;Bui E;Calkin CV;Cheng AT;Chillotti C;Cichon S;Clark S;Czerski PM;Dantas C;Zompo MD;Depaulo JR;Detera-Wadleigh SD;Etain B;Falkai P;Frisén L;Frye MA;Fullerton J;Gard S;Garnham J;Goes FS;Grof P;Gruber O;Hashimoto R;Hauser J;Heilbronner U;Hoban R;Hou L;Jamain S;Kahn JP;Kassem L;Kato T;Kelsoe JR;Kittel-Schneider S;Kliwicki S;Kuo PH;Kusumi I;Laje G;Lavebratt C;Leboyer M;Leckband SG;López Jaramillo CA;Maj M;Malafosse A;Martinsson L;Masui T;Mitchell PB;Mondimore F;Monteleone P;Nallet A;Neuner M;Novák T;O'Donovan C;Osby U;Ozaki N;Perlis RH;Pfennig A;Potash JB;Reich-Erkelenz D;Reif A;Reininghaus E;Richardson S;Rouleau GA;Rybakowski JK;Schalling M;Schofield PR;Schubert OK;Schweizer B;Seemüller F;Grigoroiu-Serbanescu M;Severino G;Seymour LR;Slaney C;Smoller JW;Squassina A;Stamm T;Steele J;Stopkova P;Tighe SK;Tortorella A;Turecki G;Wray NR;Wright A;Zandi PP;Zilles D;Bauer M;Rietschel M;McMahon FJ;Schulze TG;Alda M
通讯作者: Alda M