Jan

5

Here is some intriguing research from a book my psychiatrist son is working on:

"They found asymmetry between buy and sell order placement. Sellers consistently place their sell orders "further from the market" (i.e. further from the best quote) than buyers do with their bid orders. On average, that is, buy orders are "closer to the market" than sell order. Asks were placed, on average, 23.4% further away from the market than bids were."

anonymous writes: 

Perhaps this has to do with endowment effect? The fact that people often demand much more to give up an object than they would be willing to pay to acquire it.


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