Analyzing the behavioral finance impact of ‘fake news’ phenomena on financial markets: a representative agent model and empirical validation

Abstract

This paper supports the first type of behavioral change, explaining how the detrimental effects of information can remain financially even despite firm market confidence. The design also includes – preserving the value of goods as irrationally and inconsistently with prices in history also predicts yet another false conclusion: the false protection of many conservation stories. Examining moderation in contrast to the analysis of the many cases of Chinese ADR fraud and minor incidents, this paper finds strong evidence of the value of the models and their assumptions.

Introduction

Internal and inspiring

Unquestioned behavioral statements, or ‘lies’, have been defined as “false stories that appear to be news stories, spread on the internet or other media outlets that are often used to attract political attention or ridicule” (Cambridge Dictionary 2021). For a long time, there was false information in the media about a large number of doctors, the media found it worthy lately due to the high profile of the population as well as the inaccuracies in social networks. It is often associated with major global events, such as the US and Brexit elections, important news, and emphasized political and social significance – and they also pay close attention to education.

In addition, although rarely mentioned, recent research has shown that counterfeits have similar effects on wall prices and financial markets (Clarke 2018; Kogan et al. 2019). For example, Clarke et al. (2018) and Kogan et al. (2019) reviewed all fraudulent claims about Alpha Search selected from the 2017 SEC attack to gradually increase commodity prices. In another legal case, the WhatsApp scandals were shared on Twitter, which led to the collapse of the UK Bank in May 2019 – and about the following situation: the value of Metro Bank shares (Makortof et al. 2019).

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