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Daylight Saving Anomaly

Kamstra, Kramer and Levi (2000) found a daylight saving anomaly. Daylight-saving weekends are typically followed by large negative returns on financial market indices (roughly 200 to 500 percent of the regular weekend effect), and they argue that the effect could be a direct result of changes in sleep patterns.

• KAMSTRA, Mark J., Lisa A. KRAMER and Maurice D. LEVI, 2000. Losing Sleep at the Market: The Daylight Saving Anomaly, The American Economic Review, Vol. 90, No. 4. (Sep., 2000), pp. 1005-1011. [Cited by 36] (5.72/year)

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