Are two heads better than one? An experiment with novice share traders

Richard Heaney; F. Douglas Foster; Shirley Gregor; Terry O'Neill; Robert E. Wood

doi:10.1177/0312896210370078

Are two heads better than one? An experiment with novice share traders

Richard Heaney^*, F. Douglas Foster, Shirley Gregor, Terry O'Neill, Robert E. Wood

^*Corresponding author for this work

Bond Business School

Research output: Contribution to journal › Article › Research › peer-review

4 Citations (Scopus)

Abstract

We compare the performance of individual and two-person teams in an electronic share-trading task. Trader profits are negatively related to the amount of trader market activity and positively related to trader confidence. While we find no evidence of a difference in trading profit between individual and team traders, profit volatility is more sensitive to trading activity for teams. Team trading profit is positively related to attitude and negatively related to perceptions of the difficulty of the task, with overall team trading activity negatively related to views of team members'abilities.

Original language	English
Pages (from-to)	119-142
Number of pages	24
Journal	Australian Journal of Management
Volume	35
Issue number	2
DOIs	https://doi.org/10.1177/0312896210370078
Publication status	Published - Aug 2010

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Are two heads better than one? An experiment with novice share traders

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