Title: A STUDY ON INEIVIDUAL INVESTOR′ CHARACTERISTIC AND DISPOSITION EFFECT IN STOCK
Abstract: The disposition effect is a kind of behavioral bias that investors hold the loser and sell the winner.This paper uses the Odean′s model to test the disposition effect in our stock market,to provide the evidence of the disposition effect,and further explain the the different investors′ disposition effect is dissimilarity.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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