Portfolio selection strategies and cognitive psychology biases: a behavioral evidence from the Nigerian equity market
نویسندگان
چکیده
منابع مشابه
Behavioral biases and portfolio choice
We investigate the way investors react to prior gains/losses. We use a new and unique dataset with detailed information on investors’ various components of wealth, income, demographic characteristics and portfolio holdings identified at the stock level. We test the theory of loss aversion against the alternative provided by standard utility theory and the house-money effect. We show that, on a ...
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ژورنال
عنوان ژورنال: Investment Management and Financial Innovations
سال: 2018
ISSN: 1810-4967,1812-9358
DOI: 10.21511/imfi.15(3).2018.22