The paper reports an experiment in China on individual investors' risk perception. The main findings are similar with the results in Matthias (2000), but the absolute value of correlation coefficients between risk ...The paper reports an experiment in China on individual investors' risk perception. The main findings are similar with the results in Matthias (2000), but the absolute value of correlation coefficients between risk measures and risk ratings are higher.展开更多
Some financial experiments find that individuals' risk perception in favor of shortfall measures like LPMs. This paper provides an individuals' risk perception model and a risk perception model with overconfidence a...Some financial experiments find that individuals' risk perception in favor of shortfall measures like LPMs. This paper provides an individuals' risk perception model and a risk perception model with overconfidence according to results of financial experiments and shows that investors' psychology could influence individuals' risk perceptions, and further, investors' psychology could influence investment decisions.展开更多
基金This research is supported by National Natural Science Foundation of China(70571042)
文摘The paper reports an experiment in China on individual investors' risk perception. The main findings are similar with the results in Matthias (2000), but the absolute value of correlation coefficients between risk measures and risk ratings are higher.
基金This project is supported by National Natural Science Foundation of China(70571042)
文摘Some financial experiments find that individuals' risk perception in favor of shortfall measures like LPMs. This paper provides an individuals' risk perception model and a risk perception model with overconfidence according to results of financial experiments and shows that investors' psychology could influence individuals' risk perceptions, and further, investors' psychology could influence investment decisions.