Due to rapid growth and development in China's economy, there is also a dramatic China’s financial market. With that, the market has been attracting people get into investment, even though lot of them do not have any knowledge or experience about investment. The entering those investors just brings more opportunity but increases uncertainty due their irrational behavior. purpose providing insig...

Investors behavior is one of the most important discussion of the financial science in the financial market. Individual investors consider various factors when they buy and sell securities and show different behavior (Rational, Herding, Reaction and Heuristic). The main purpose of this research is to identify and categorize factors which impact individual investors behavior that are known as be...

I investigate the relation between returns and volatility at daily to 1-min intervals for VIX ETNs (like ETFs) and futures. As VIX is the implied volatility index and also known as “fear gauge”, this study is on relation between returns of volatility and volatilities of volatility. I find that, contrary to equity and commodity markets, volatility’s return and volatility exhibit positive relatio...