IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-319-70377-0_25.html
   My bibliography  Save this book chapter

Sand in My Eyes Fled Effect: An Evidence from Saudi Arabia

In: Economy, Finance and Business in Southeastern and Central Europe

Author

Listed:
  • Ekrem Tufan

    (School of Applied Sciences, Çanakkale Onsekiz Mart University)

  • Bahattin Hamarat

    (Çanakkale Onsekiz Mart University)

  • Murat Türkeş

    (Boğaziçi University)

  • Ahmed Abdullah Al-Zahrani

    (Private Sector Programmes Institute of Public Administration)

Abstract

Psychological, cultural, religious and environmental factors affect human decisions and sometimes cause irrational behaviours. Even this is a common truth, traditional economics claims human is rational and many economic theories based on this idea. Behavioural Finance and Behavioural Economics go against this main assertion and postulates human has bounded rationality. This study investigates influences of the daily weather conditions such as mean and maximum air temperatures, mean and maximum air humidity values and Apparent Temperature Index (ATI) on Riyadh Stock Exchange. Granger Causality Modelhas been applied to these data, and found that daily mean water vapour pressure and daily maximum air temperature variables of the daily weather have affected the Riyad Stock Exchange returns.

Suggested Citation

  • Ekrem Tufan & Bahattin Hamarat & Murat Türkeş & Ahmed Abdullah Al-Zahrani, 2018. "Sand in My Eyes Fled Effect: An Evidence from Saudi Arabia," Springer Proceedings in Business and Economics, in: Anastasios Karasavvoglou & Srećko Goić & Persefoni Polychronidou & Pavlos Delias (ed.), Economy, Finance and Business in Southeastern and Central Europe, pages 361-377, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-70377-0_25
    DOI: 10.1007/978-3-319-70377-0_25
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-319-70377-0_25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.