政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/120865

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | 全文笔数/总笔数 : 113313/144292 (79%)
造访人次 : 50945946 在线人数 : 841

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

政大機構典藏 > 商學院 > 國際經營與貿易學系 > 期刊論文 > Item 140.119/120865

请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/120865

题名:	Do Superstitious Traders Lose Money?
作者:	Bhattacharya, Utpal Kuo, Wei-Yu 郭維裕 Lin, Tse-Chun Zhao, Jing
贡献者:	國貿系
关键词:	superstition;limit order clustering;investment performance;individual investors
日期:	2018-08
上传时间:	2018-11-09 15:05:37 (UTC+8)
摘要:	Do superstitious traders lose money? We answer this question in the context of trading in the Taiwan Futures Exchange, where we exploit the Chinese superstition that the number 8 is lucky and the number 4 is unlucky. We find that individual investors, but not institutional investors, submit disproportionately more limit orders at 8 than at 4. This imbalance, defined as the "superstition index" for each investor, is positively correlated with trading losses. Superstitious investors lose money mainly because of their bad market timing and stale orders. Nevertheless, the reliance on number superstition for limit order submissions does decrease with trading experience.
關聯:	MANAGEMENT SCIENCE, 64(8), 3772-3791
数据类型:	article
DOI 連結:	http://dx.doi.org/10.1287/mnsc.2016.2701
DOI:	10.1287/mnsc.2016.2701
显示于类别:	[國際經營與貿易學系 ] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
index.html		0Kb	HTML2	472	检视/开启

在政大典藏中所有的数据项都受到原著作权保护.

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

数据加载中.....