The Effects of Social Interaction and Psychological Bias on Trading Behavior: Evidence from a Laboratory Experiment
作者: Chi Ming Ho
刊名: Journal of Mathematical Finance, 2018, Vol.8 (1), pp.178-196
来源数据库: Scientific Research Publishing Journal
DOI: 10.4236/jmf.2018.81014
原始语种摘要: This paper details an experiment designed to explore the trading behaviors of investors that result from psychological biases and social interactions. In total, 88 investors were tracked for 6 months and 40,795 transactions were recorded. The research conducted an experimental survey and estimated a system analysis model to generate several important conclusions. First, the degree of regret bias and the disposition effects are unrelated, probably because the professional training of investors and the disposition effects are not significantly related. Second, if investors are affected by contradictions arising from their decisions, then the likelihood that they will sell a stock will decrease as the investor relationships in the community improve and the regret bias increases. Third, male...
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  • trading 贸易
  • preference 优选
  • investor 客商
  • stock 岩株
  • disposition 配置
  • regret 道歉
  • trade 买卖
  • unrelated 无关
  • likelihood 似然
  • total 总和