Summary of When the Market Drives You Crazy

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

When the Market Drives You Crazy summary
Start getting smarter:
or see our plans




According to the US National Safety Council, more than 40,000 Americans died as a result of vehicular accidents in 2017, largely due to drunk, distracted or unbuckled drivers. However, a seemingly obscure rationale could also factor into these casualties. Economists Corrado Giulietti, Mirco Tonin and Michael Vlassopoulos investigate a curious uptick in motor vehicle fatalities following declines in daily equity returns. Investors will find this academic report a fascinating examination of the role of emotion in stock markets.

About the Authors

Corrado Giulietti and Michael Vlassopoulos are economists at the University of Southampton in England. Mirco Tonin is an economics professor at the Free University of Bozen-Bolzano in Italy.



A distracted driver poses enormous risks. Every year, at least 1.2 million people die in road accidents, according to the World Health Organization, while in the United States, vehicle crashes cost the economy a total of $242 billion in 2010. Transportation officials cite operating under the influence, distracted driving tied to device usage and the failure to use seatbelts as primary causes of automotive fatalities. Experts know that some of these behaviors are linked to emotional and psychological elements arising from substance abuse, family dynamics, or ...

More on this topic

Customers who read this summary also read

Getting Back to Business
Darkness by Design
Too Smart for Our Own Good
Narrative Economics
One Hour Investor
Investment Banking Explained

Related Channels

Comment on this summary