维基百科和数字货币:集体关注与市场表现之间的相互作用
Wikipedia and Digital Currencies: Interplay Between Collective Attention and Market Performance
摘要:
关于比特币和其他数字或“加密”货币的信息的生产和消费与它们的市值一起增长。然而,目前仍缺乏对多种数字货币的在线关注度与市场动态之间关系的系统调查。在这里,我们量化了维基百科对数字货币的关注与其市场表现之间的相互作用。我们考虑了货币相关页面的整个编辑历史,以及自2015年7月以来的浏览历史。首先,我们通过分析编辑活动和共同编辑页面的网络来量化维基百科中加密货币存在的演变。我们发现,一个由紧密联系的编辑组成的小社区负责维基百科中有关加密货币的大部分信息。然后,我们表明,一个简单的交易策略,由维基百科的意见,执行更好的,在投资回报方面,比经典的基线策略的大部分覆盖期间。我们的研究结果有助于最近的文献在线信息和投资市场之间的相互作用,我们预计这将是研究人员和投资者的兴趣。
英文摘要:
The production and consumption of information about Bitcoin and other digital-, or 'crypto'-, currencies have grown together with their market capitalisation. However, a systematic investigation of the relationship between online attention and market dynamics, across multiple digital currencies, is still lacking. Here, we quantify the interplay between the attention towards digital currencies in Wikipedia and their market performance. We consider the entire edit history of currency-related pages, and their view history from July 2015. First, we quantify the evolution of the cryptocurrency presence in Wikipedia by analysing the editorial activity and the network of co-edited pages. We find that a small community of tightly connected editors is responsible for most of the production of information about cryptocurrencies in Wikipedia. Then, we show that a simple trading strategy informed by Wikipedia views performs better, in terms of returns on investment, than classic baseline strategies for most of the covered period. Our results contribute to the recent literature on the interplay between online information and investment markets, and we anticipate it will be of interest for researchers as well as investors.
机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。