The idea of this study is derived from observing the profitability of stock investments following the phenomena of continuously rising(or falling)prices of stocks and continuously overbought(or oversold)signals emitte...
This research is supported by the National Natural Science Foundation of China[Grant No.71773127].
In this paper,we study how China’s stock market reacts to the sudden outbreak of COVID-19 in 2020,particularly to the announcement of the pandemic lockdown.In general,we observe reversals both at the industry level a...
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 pu...
Ring-shape RNAs, once thought to be futile products of mistaken splicing in cellular machinery, might be working as a bridle on an important antiviral factor. This natural molecular inhibitor, as newly revealed by tea...
The stock market is full of events that affect the sensitivity reaction of investors at a large scale. Individual investor sentiment is just like his/her personal feeling depending upon their nature, risk appetite, an...
This paper focuses on evidence-based policy-making and democracy, along with political overreaction. In many countries, evidence-based policy-making is a prominent aspect of administration and aims to rationalize the ...
the participants of the Financial Engineering Seminar at ECNU and the International Conference on Actuarial Science and Related Fields
In this paper,we discuss a kind of behavioral asset pricing model,called Hong-Stein model.Although this model succeeded in explaining the momentum and reversal effects,we find it usually reaches two extremes:the absol...
Investors have traditionally been viewed as economically rational individuals who make decisions based on all available information. They have been assumed to use probability functions to arrive at the most optimal de...
Using non-overlapping historical monthly returns from 1963 to 2007, this study shows that a trading portfolio that goes long on past winning stocks and short on prior losing stocks earns an average monthly return of 0...
The paper asserts that the misperceptions of noise traders are a behavioral bias characterized by overreactions. By introducing the overreaction coefficient, we provide an explanation for the volatility of asset price...