Design Patterns of Investing Apps and Their Effects on Investing Behaviors

  title={Design Patterns of Investing Apps and Their Effects on Investing Behaviors},
  author={Sayan Chaudhry and Chinmay Kulkarni},
  journal={Designing Interactive Systems Conference 2021},
Smartphone apps such as Robinhood and Public that promise to “democratize investing” have risen in popularity over the past few years. These apps allow retail investors, who often possess little prior investing experience, to trade stocks, options, and other securities easily and inexpensively, often commission-free. It seems plausible that the interaction patterns of these new apps may significantly influence trading behaviors of their users. But so far, there is little formal design guidance… 
1 Citations

Figures and Tables from this paper

A Structural Framework for Assessing the Digital Resilience of Enterprises in the Context of the Technological Revolution 4.0

This research aims to develop a conceptual model to establish the influence of digital core investment and digital innovation on digital resilience at the enterprise level. The data were collected



Run, Walk, or Buy? Financial Literacy, Dual-Process Theory, and Investment Behavior

Combining recent empirical findings on the usefulness of financial literacy for investment decisions and literature from psychology, we argue that the behavior of people with a high level of

A Non-Random Walk Down the Main Street: Impact of Price Trends on Trading Decisions of Individual Investors

We analyze the impact of price trends on trading decisions of more than 40,000 households with accounts at a major discount brokerage house and find that buying and selling decisions of investors in

Confirmation Bias, Overconfidence, and Investment Performance: Evidence from Stock Message Boards

Using data from a new field experiment in South Korea, we study how information from virtual communities such as stock message boards influences investors’ trading decisions and investment

"Pick Someone Who Can Kick Your Ass" - Moneywork in Financial Third Party Access

It is argued that focusing on this moneywork can help us design flexible, proportionate and practice-sensitive services for financial third party access that move beyond discourses of protection and control in order to enable meaningful financial collaboration.

Are Investors Reluctant to Realize Their Losses?

I test the disposition effect, the tendency of investors to hold losing investments too long and sell winning investments too soon, by analyzing trading records for 10,000 accounts at a large

Heuristic biases in investment decision-making and perceived market e ffi ciency A survey at the Pakistan stock exchange

Purpose – This paper aims to clarify the mechanism by which heuristics influences the investment decisions of individual investors, actively trading on the Pakistan Stock Exchange (PSX), and the

Taking Behavioralism Seriously: The Problem of Market Manipulation

For the past few decades, cognitive psychologists and behavioral researchers have been steadily uncovering evidence that human decisionmaking processes are prone to nonrational, yet systematic,

Method in the Madness: Bubbles, Trading, and Incentives

A long period of elevated asset valuation raises some fundamental questions. How can assets sustain prices way above their fundamental value for extended periods of time? Why are investors willing to

The hot hand belief and the gambler’s fallacy in investment decisions under risk

We conduct experiments to analyze investment behavior in decisions under risk. Subjects can bet on the outcomes of a series of coin tosses themselves, rely on randomized ‘experts’, or choose a