Brokerage data analysis shows first-time crypto traders increase stock trading intensity and leverage, more so when crypto volatility is low, suggesting excitement-seeking drives the behavior.
Applied Economics Letters 22(13), 1030– 1036 (2015)
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Brokerage data analysis shows first-time crypto traders increase stock trading intensity and leverage, more so when crypto volatility is low, suggesting excitement-seeking drives the behavior.
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The authors propose Decentralized Consensus Technology (DCT) as an umbrella term for systems with decentralization, trustlessness and eventual consensus, positioning blockchain as one implementation of decentralized ledger technology.