.png){kind=icon}
返回
IQ, trading behavior, and performance
.png){kind=icon}
PRE
AI
DOI：10.1016/j.jfineco.2011.05.016.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We analyze whether IQ influences trading behavior, performance, and transaction costs. The analysis combines equity return, trade, and limit order book data with two decades of scores from an intelligence (IQ) test administered to nearly every Finnish male of draft age. Controlling for a variety of factors, we find that high-IQ investors are less subject to the disposition effect, more aggressive about tax-loss trading, and more likely to supply liquidity when stocks experience a one-month high. High-IQ investors also exhibit superior market timing, stock-picking skill, and trade execution. (C) 2011 Elsevier B.V. All rights reserved.
Keyword:
Intelligence
Household finance
Trading performance
期刊
IF:
12
论文数:
3.8K
被引数:
5.5W
机构
引用论文
Are some mutual fund managers better than others? cross-sectional patterns in behavior and performance.png)
JOURNAL OF FINANCE
JOURNAL OF FINANCEIF9.5
PREAI
分享收藏分享收藏Local does as local is: Information content of the geography of individual investors' common stock investmentsJOURNAL OF FINANCE
OAAI
JOURNAL OF FINANCEIF9.5
OAAI分享收藏
查看更多内容