Poster: The Role of Confirmation Bias in Potentially Undermining Speculative Cryptocurrency Decisions

Abstract

Studies have demonstrated that news reporting (as information) is critical to the adoption and pricing of Bitcoin. This early stage work represents the first look into how this information is being used as part of the speculation decision making process and how this might be compatible with a trust model. The outputs of this work will build a trust model for Bitcoin speculators’ use of news reporting as an information<br/>source. The work will further demonstrate if, and how, this trust model might be usurped by something as simple as a confirmation bias thus confirming a more psychological approach to speculative behaviours than that portrayed in a rational economics approach