How Do Investor’s Expectations and Emotions Drive Financial Asset Prices in Times Crises and Uncertainty: The Analysis of Experts' Opinion - Archive ouverte HAL
Article Dans Une Revue Bankers Markets & Investors : an academic & professional review Année : 2023

How Do Investor’s Expectations and Emotions Drive Financial Asset Prices in Times Crises and Uncertainty: The Analysis of Experts' Opinion

Georges Prat
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Jean-François Boulier
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Catherine d'Hont
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Fredj Jawadi
Philippe Rozin
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Richard Taffler
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Résumé

This paper analyses and reproduces the main opinions and views of several experts (academics and professionals) who met at the 2nd IEAP (Investor’s Emotions and Asset Price) meeting that was organized at the IAE Lille University School of Management on the 1st Februrary 2023. In particular, we analyze, first, the dynamics of financial asset prices as well as commodities prices during the last decade and we provide some projections about the future. Second, we discuss the role played by investor’s emotions as well as sentiment to drive financial asset prices as well as the contribution of fundamental factors while distinguishing financial markets from commodities and cryptos. Third, we document the dynamics of financial asset prices in the context of uncertainty, geopolitical tensions, post-COVID-19 period and high inflation. Finally, we provide some suggestions about the further extension of usual financial asset price models to include behavioral factors (emotions, sentiment) as well as uncertainty.
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Dates et versions

hal-04351228 , version 1 (18-12-2023)

Identifiants

  • HAL Id : hal-04351228 , version 1

Citer

Georges Prat, Jean-François Boulier, Catherine d'Hont, Fredj Jawadi, Philippe Rozin, et al.. How Do Investor’s Expectations and Emotions Drive Financial Asset Prices in Times Crises and Uncertainty: The Analysis of Experts' Opinion. Bankers Markets & Investors : an academic & professional review, 2023, 4 (175), pp.3-12. ⟨hal-04351228⟩
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