.png){kind=icon}
返回
Do Behavioral Biases Affect Order Aggressiveness?
.png){kind=icon}
PRE
AI
DOI：10.1093/rof/rfx037.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We extend previous studies on the effect of behavioral biases on investor hold/sell decisions, and examine whether behavioral biases affect the order submission strategies. We use a unique database provided by the Shanghai Stock Exchange, which contains order submissions and executions as well as trading records of all investors. We find investors are less aggressive in submitting sell orders for stocks that experienced losses, and more aggressive in submitting sell orders for stocks that experienced gains. The sell order aggressiveness is negatively related to the size of losses, but has a quadratic relationship with the size of gains. Results are consistent with the combination of the disposition and the house money effects.
Keyword:
Order submission
Order aggressiveness
Disposition effect
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
8.4
论文数:
909
被引数:
4.8K
机构
引用论文
AN EMPIRICAL-ANALYSIS OF THE LIMIT ORDER BOOK AND THE ORDER FLOW IN THE PARIS BOURSE.png)
JOURNAL OF FINANCE
JOURNAL OF FINANCEIF9.5
PREAI
分享收藏分享收藏
查看更多内容