Ideas Development (Co-Labs)

Ideas Development (Co-Labs)

26/08/2025

14:00

-

17:30

This study exploits the non-fungible token (NFT) setting to estimate the value of non-pecuniary benefits, a long- standing empirical challenge in private-value markets such as art, antiques, and other collectibles. After developing and validating our emotional dividend proxy (LOVE), we apply deep learning algorithms and discover that contemporaneous price fluctuations, certain collection features, and ownership wealth significantly contribute to its formation. Leveraging these parameters, we employ AI-powered models to estimate NFT prices with high accuracy, but find their predictive ability is decreasing in LOVE. Additionally, we demonstrate that LOVE-driven trading results in long-term financial losses for the average investor, highlighting a trade-off between wealth and emotional utility. Our study pro- vides novel economic insights into the factors shaping emotional dividends and their role in the pricing of private-value assets. It also surfaces the limitations AI faces in emotionally charged markets, revealing new challenges for algorithmic trading when assets carry significant emotional utility.

This study exploits the non-fungible token (NFT) setting to estimate the value of non-pecuniary benefits, a long- standing empirical challenge in private-value markets such as art, antiques, and other collectibles. After developing and validating our emotional dividend proxy (LOVE), we apply deep learning algorithms and discover that contemporaneous price fluctuations, certain collection features, and ownership wealth significantly contribute to its formation. Leveraging these parameters, we employ AI-powered models to estimate NFT prices with high accuracy, but find their predictive ability is decreasing in LOVE. Additionally, we demonstrate that LOVE-driven trading results in long-term financial losses for the average investor, highlighting a trade-off between wealth and emotional utility. Our study pro- vides novel economic insights into the factors shaping emotional dividends and their role in the pricing of private-value assets. It also surfaces the limitations AI faces in emotionally charged markets, revealing new challenges for algorithmic trading when assets carry significant emotional utility.

Antonio Gargano
Keynote: "Lessons from fintech-academic collaborations"
25-27 August 2025

25/08/2025

Antonio Gargano

Keynote
Antonio Gargano
Keynote: "Lessons from fintech-academic collaborations"
25-27 August 2025

25/08/2025

Antonio Gargano

Keynote
Emilia Bunea
Keynote: "Leadership for finance professionals: A CEO-turned-leadership-scholar perspective"
25-27 August 2025

25/08/2025

Emilia Bunea

Keynote
Emilia Bunea
Keynote: "Leadership for finance professionals: A CEO-turned-leadership-scholar perspective"
25-27 August 2025

25/08/2025

Emilia Bunea

Keynote
Allan Mendelowitz
Keynote: "The promise of digital finance: Greater transparency, enhanced efficiency, and more effective and less burdensome regulation"
25-27 August 2025

26/08/2025

Allan Mendelowitz

Keynote
Allan Mendelowitz
Keynote: "The promise of digital finance: Greater transparency, enhanced efficiency, and more effective and less burdensome regulation"
25-27 August 2025

26/08/2025

Allan Mendelowitz

Keynote
Albert Menkveld
Keynote: "What we can learn today about the markets of tomorrow: Crypto, crashes and credible research"
25-27 August 2025

27/08/2025

Albert Menkveld

Keynote
Albert Menkveld
Keynote: "What we can learn today about the markets of tomorrow: Crypto, crashes and credible research"
25-27 August 2025

27/08/2025

Albert Menkveld

Keynote