Poster: The Role of Confirmation Bias in Potentially Undermining Speculative Cryptocurrency Decisions

Craggs, Barney and Rashid, Awais (2016) Poster: The Role of Confirmation Bias in Potentially Undermining Speculative Cryptocurrency Decisions. In: IEEE European Symposium on Security and Privacy, 2016-03-212016-03-24.

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Abstract

Studies have demonstrated that news reporting (as information) is critical to the adoption and pricing of Bitcoin. This early stage work represents the first look into how this information is being used as part of the speculation decision making process and how this might be compatible with a trust model. The outputs of this work will build a trust model for Bitcoin speculators’ use of news reporting as an information source. The work will further demonstrate if, and how, this trust model might be usurped by something as simple as a confirmation bias thus confirming a more psychological approach to speculative behaviours than that portrayed in a rational economics approach

Item Type: Contribution to Conference (Poster)
Journal or Publication Title: IEEE European Symposium on Security and Privacy
Subjects:
Departments: Faculty of Science and Technology > School of Computing & Communications
ID Code: 80034
Deposited By: ep_importer_pure
Deposited On: 13 Jun 2016 15:22
Refereed?: Yes
Published?: Published
Last Modified: 24 Feb 2020 00:43
URI: https://eprints.lancs.ac.uk/id/eprint/80034

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