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Advanced Technologies and Behavioral Biases in Trading: A Qualitative Study on the Use of Technological Tools by Individual Traders
[Technologies avancées et biais comportementaux en trading : Une étude qualitative sur l’usage des dispositifs technologiques par les traders individuels]

Author

Listed:
  • Chaimaa Laamime,

    (École Nationale de Commerce et de Gestion (ENCG), Université Hassan II de Casablanca, Maroc)

  • Karima Mialed

    (École Nationale de Commerce et de Gestion (ENCG), Université Hassan II de Casablanca, Maroc)

Abstract

This study explores the impact of advanced financial technologies—artificial intelligence, predictive algorithms, intelligent trading platforms, and big data—on the decision-making processes of individual traders. Based on qualitative fieldwork with 30 Moroccan traders, the research shows that while digital tools can help reduce cognitive overload and emotional stress, they may also reinforce algorithmic overconfidence, excessive delegation of judgment, or illusions of control. The study highlights that the effects of these technologies are context-dependent, shaped by traders' techno-cognitive profiles, experience, and financial literacy. It contributes to behavioral finance by offering an integrated techno-behavioral perspective in the context of an emerging market.

Suggested Citation

  • Chaimaa Laamime, & Karima Mialed, 2025. "Advanced Technologies and Behavioral Biases in Trading: A Qualitative Study on the Use of Technological Tools by Individual Traders [Technologies avancées et biais comportementaux en trading : Une étude qualitative sur l’usage des dispositifs tech," Post-Print hal-05243730, HAL.
    • Handle: RePEc:hal:journl:hal-05243730
    Note: View the original document on HAL open archive server: https://hal.science/hal-05243730v1
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    References listed on IDEAS

    as
    1. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    2. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    3. Robert J. Shiller, 2003. "From Efficient Markets Theory to Behavioral Finance," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 83-104, Winter.
    4. Brad M. Barber & Terrance Odean, 2001. "Boys will be Boys: Gender, Overconfidence, and Common Stock Investment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(1), pages 261-292.
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