scholarly journals Analysis on the Psychology and Behavior of Individual Investors under the Influence of COVID-19

2020 ◽  
Vol 3 (5) ◽  
Author(s):  
Jialing Huang ◽  
Yixin He
Keyword(s):  
Stock Market ◽  
Investment Decisions ◽  
Individual Investors ◽  
Chinese Stock Market ◽  
Public Health Emergencies ◽  
History Of ◽  
The Individual ◽  
And Behavior ◽  
The Impact ◽  
Psychological Experiments

Due to the relatively short history of the development of the Chinese stock market, the investment philosophy and psychology of most individual investors are not particularly mature. Especially under the influence of public health emergencies, the individual investors' characteristic of the investment behavior in the stock market has become more obvious. This paper combines questionnaire and psychological experiments to study the factors that affect investment decisions of individual investors, and then takes COVID-19 as an example to analyze the impact of public emergencies on individual investors’ investment decisions in the stock market.

Determinants of overconfidence bias in Indian stock market

2018 ◽  
Vol 10 (4) ◽  
pp. 381-394 ◽  
Author(s):  
Priya Kansal ◽  
Seema Singh
Keyword(s):  
Stock Market ◽  
General Education ◽  
Least Square ◽  
Individual Investors ◽  
Positive Illusion ◽  
Content Type ◽  
Investment Experience ◽  
Ordinary Least Square Regression ◽  
The Individual ◽  
The Impact

Purpose The purpose of this paper is to conduct an exploratory analysis of the demographic factors and investors’ characteristics, which cause changes in the extent of overconfidence level and its constituents among the individuals. Design/methodology/approach A survey has been conducted to explore the determinants of overconfidence and its constituents with the help of a well-structured close-ended questionnaire. The four constituents of overconfidence considered for the study are “better than average effect,” “planning fallacy,” “self-attribution” and “positive illusion.” The collected data are analyzed with the help of t-test, ANOVA and standard ordinary least square regression. Findings The results show that those who earn high, have more dependents, share the earning responsibility, have high investment frequency, less time horizon and more investment experience and invest in large cap stocks are more subject to the overconfidence. The study also concludes that gender, age and general education do not affect the level of overconfidence. Research limitations/implications The results of the study are useful for the market regulators, financial educators, stock market advisors and individual investors in avoiding costly investment mistakes, especially when transiting from one category of demographic and investment characteristics to another category of demographic and investment characteristics. Originality/value The study is unique in itself, as it contributes an instrument to quantify the level of overconfidence among the individual investors. Moreover, the study attempts to explore the impact of all demographic and investment characteristics in one go, which makes it a valuable contribution in the existing literature.

Investigating the Relationship Between Self-Esteem and Stigma Among Young Adults With History of Suicide Attempts

Crisis ◽  
2016 ◽  
Vol 37 (4) ◽  
pp. 265-270 ◽  
Author(s):  
Meshan Lehmann ◽  
Matthew R. Hilimire ◽  
Lawrence H. Yang ◽  
Bruce G. Link ◽  
Jordan E. DeVylder
Keyword(s):  
Young Adults ◽  
Suicide Attempts ◽  
Self Esteem ◽  
High Risk Population ◽  
High Functioning ◽  
People With Mental Illness ◽  
History Of ◽  
The Individual ◽  
The Impact ◽  
The Relationship

Abstract. Background: Self-esteem is a major contributor to risk for repeated suicide attempts. Prior research has shown that awareness of stigma is associated with reduced self-esteem among people with mental illness. No prior studies have examined the association between self-esteem and stereotype awareness among individuals with past suicide attempts. Aims: To understand the relationship between stereotype awareness and self-esteem among young adults who have and have not attempted suicide. Method: Computerized surveys were administered to college students (N = 637). Linear regression analyses were used to test associations between self-esteem and stereotype awareness, attempt history, and their interaction. Results: There was a significant stereotype awareness by attempt interaction (β = –.74, p = .006) in the regression analysis. The interaction was explained by a stronger negative association between stereotype awareness and self-esteem among individuals with past suicide attempts (β = –.50, p = .013) compared with those without attempts (β = –.09, p = .037). Conclusion: Stigma is associated with lower self-esteem within this high-functioning sample of young adults with histories of suicide attempts. Alleviating the impact of stigma at the individual (clinical) or community (public health) levels may improve self-esteem among this high-risk population, which could potentially influence subsequent suicide risk.

scholarly journals Natural History of NAFLD

2021 ◽  
Vol 10 (6) ◽  
pp. 1161
Author(s):  
Raluca Pais ◽  
Thomas Maurel
Keyword(s):  
Liver Disease ◽  
Natural History ◽  
Disease Progression ◽  
Specific Treatment ◽  
Alcoholic Fatty Liver ◽  
Individual Level ◽  
Close Relationship ◽  
History Of ◽  
The Individual ◽  
The Impact

The epidemiology and the current burden of chronic liver disease are changing globally, with non-alcoholic fatty liver disease (NAFLD) becoming the most frequent cause of liver disease in close relationship with the global epidemics of obesity, type 2 diabetes and metabolic syndrome. The clinical phenotypes of NAFLD are very heterogeneous in relationship with multiple pathways involved in the disease progression. In the absence of a specific treatment for non-alcoholic steatohepatitis (NASH), it is important to understand the natural history of the disease, to identify and to optimize the control of factors that are involved in disease progression. In this paper we propose a critical analysis of factors that are involved in the progression of the liver damage and the occurrence of extra-hepatic complications (cardiovascular diseases, extra hepatic cancer) in patients with NAFLD. We also briefly discuss the impact of the heterogeneity of the clinical phenotype of NAFLD on the clinical practice globally and at the individual level.

Impact of the OMRR Operation in Fighting the Adverse Effects of COVID-19 on the Chinese Stock Market: An Event Study

2021 ◽  
Vol 16 (3) ◽  
pp. 495-520
Author(s):  
Lin Guo ◽  
◽  
Xufei Zhang ◽  
Songlei Chao ◽  
◽  
...  
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Abnormal Return ◽  
Fiscal Policies ◽  
Chinese Stock Market ◽  
Open Market ◽  
Monetary Policies ◽  
Technology Industry ◽  
The Impact ◽  
China’S Economy

The outbreak of the COVID-19 epidemic has had an adverse effect on China's economy. This paper uses the event study method to test and measure the impact of the open market reverse repo (OMRR) operation on the Chinese stock market. The results show that the OMRR operation generates a positive daily abnormal return and a positive daily cumulative abnormal return on average for all stocks. The impact is larger for non-state-owned enterprise (non-SOE) firms than for SOE firms, stocks of non-Hubei provinces than those of the Hubei province, and for stocks of the information transmission and technology industry than those of other industries. We suggest that our government implement more prudent monetary policies and more proactive fiscal policies.

Does salience matter in investment decision?

Kybernetes ◽  
2019 ◽  
Vol 48 (8) ◽  
pp. 1894-1912
Author(s):  
Samra Chaudary
Keyword(s):  
Investment Decision ◽  
Investment Decisions ◽  
Equation Modeling ◽  
Individual Investors ◽  
Short Term ◽  
Content Type ◽  
Multigroup Analysis ◽  
Money Managers ◽  
The Impact

Purpose The paper takes a behavioral approach by making use of the prospect theory to unveil the impact of salience on short-term and long-term investment decisions. This paper aims to investigate the group differences for two types of investors’ groups, i.e. individual investors and professional investors. Design/methodology/approach The study uses partial least square-based structural equation modeling technique, measurement invariance test and multigroup analysis test on a unique data set of 277 active equity traders which included professional money managers and individual investors. Findings Results showed that salience has a significant positive impact on both short-term and long-term investment decisions. The impact was almost 1.5 times higher for long-term investment decision as compared to short-term decision. Furthermore, multigroup analysis revealed that the two groups (individual investors and professional investors) were statistically significantly different from each other. Research limitations/implications The study has implications for financial regulators, money managers and individual investors as it was found that individual investors suffer more with salience heuristic and may end up with sub-optimal portfolios due to inefficient diversification. Thus, investors should be cautious in fully relying on salience and avoid such bias to improve investment returns. Practical implications The study concludes with a discussion of policy and regulatory implications on how to minimize salience bias to achieve optimum and diversified portfolios. Originality/value The study has significantly contributed to the growing body of applied behavioral research in the discipline of finance.

scholarly journals The Impact of COVID-19 on the Dependence of Chinese Stock Market

2021 ◽  
Vol 2021 ◽  
pp. 1-11
Author(s):  
Xianbo Wu ◽  
Xiaofeng Hui
Keyword(s):  
Stock Market ◽  
Strong Dependence ◽  
Sliding Window ◽  
Dependence Structure ◽  
Chinese Stock Market ◽  
Telecommunication Services ◽  
Window Method ◽  
Dependence Relationship ◽  
Stock Indexes ◽  
The Impact

By calculating the mutual information of stock indexes of 10 primary industry sectors in China, this paper analyzes the dependence relationship among Chinese stock sectors during the COVID-19 and the dynamic evolution of the relationship by using the sliding window method. According to the actual situation of the development of COVID-19 in China, the samples were divided into three stages, namely, calm period, pandemic period, and post-pandemic period. The results show that the dependence relationship among Chinese stock sectors is significantly enhanced in the pandemic period, but it decreases in the post-pandemic period and the dependence structure is similar to that in the calm period. The industrials sector is most closely connected with other sectors in the pandemic period. The information technology sector and telecommunication services sector maintain strong dependence in the three periods and share little contact with other sectors. In the pandemic period, the dependence between the consumer staples sector and other sectors is significantly enhanced, and consumer staples sector and health care sector maintain a strong dependence. From the results of the sliding window, the Chinese stock market is sensitive to the impact of COVID-19, but the duration of the impact on the dependence among the stock sectors is not long.

Thinking Transnationally

2019 ◽  
pp. 165-185
Author(s):  
Margarita María Sánchez
Keyword(s):  
Educational Opportunity ◽  
Forced Migration ◽  
Opportunity To Learn ◽  
The United States ◽  
Great Opportunity ◽  
Migrant Families ◽  
History Of ◽  
The Individual ◽  
The Impact

Wagner College is participating in a ground-breaking project that brings migrant families together after years of separation. This project has been not only inspirational for both faculty members and students, but is also a great opportunity to learn about forced migration and alternatives to keep families together. The “Transnational Project: San Jerónimo Xayacatlán-Port Richmond” was created to connect communities in both the United States and Mexico and to preserve their cultural identities that have been threatened by forced migration. In this chapter, I would like to present the project focusing on three aspects: the history of the project, the individual stories of members who migrated and of those who stayed in their homeland, and the impact of this educational opportunity in the classroom. I will use a series of interviews with the members of Ñani Migrante (the group formed by the members of both the San Jerónimo and the Port Richmond communities), the presentations of both panels that took place at Wagner College, and the reflections of students who attended them.

Thinking Transnationally

2016 ◽  
pp. 230-250 ◽  
Author(s):  
Margarita María Sánchez
Keyword(s):  
Educational Opportunity ◽  
Forced Migration ◽  
Opportunity To Learn ◽  
The United States ◽  
Great Opportunity ◽  
Migrant Families ◽  
History Of ◽  
The Individual ◽  
The Impact

Wagner College is participating in a ground-breaking project that brings migrant families together after years of separation. This project has been not only inspirational for both faculty members and students, but is also a great opportunity to learn about forced migration and alternatives to keep families together. The “Transnational Project: San Jerónimo Xayacatlán-Port Richmond” was created to connect communities in both the United States and Mexico and to preserve their cultural identities that have been threatened by forced migration. In this chapter, I would like to present the project focusing on three aspects: the history of the project, the individual stories of members who migrated and of those who stayed in their homeland, and the impact of this educational opportunity in the classroom. I will use a series of interviews with the members of Ñani Migrante (the group formed by the members of both the San Jerónimo and the Port Richmond communities), the presentations of both panels that took place at Wagner College, and the reflections of students who attended them.

scholarly journals An Analysis of Behavioral Biases in Investment Decision-Making

2019 ◽  
Vol 10 (4) ◽  
pp. 55 ◽  
Author(s):  
Geetika Madaan ◽  
Sanjeet Singh
Keyword(s):  
Decision Making ◽  
Positive Impact ◽  
Stock Exchange ◽  
Investment Decision ◽  
Investment Decisions ◽  
Individual Investors ◽  
Behavioral Biases ◽  
Investment Decision Making ◽  
Survey Responses ◽  
The Impact

Individual investor’s behavior is extensively influenced by various biases that highlighted in the growing discipline of behavior finance. Therefore, this study is also one of another effort to assess the impact of behavioral biases in investment decision-making in National Stock Exchange. A questionnaire is designed and through survey responses collected from 243 investors. The present research has applied inferential statistics and descriptive statistics. In the existing study, four behavioral biases have been reviewed namely, overconfidence, anchoring, disposition effect and herding behavior. The results show that overconfidence and herding bias have significant positive impact on investment decision. Overall results conclude that individual investors have limited knowledge and more prone towards making psychological errors. The findings of the study also indicate the existence of these four behavioral biases on individual investment decisions. This study will be helpful to financial intermediaries to advice their clients. Further, study can be elaborated to study other behavioral biases on investment decisions.

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