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Understanding Behavioral Differences Between American and Chinese Investors.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Understanding Behavioral Differences Between American and Chinese Investors./
Author:	Li, Jiaming.
Description:	1 online resource (113 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 78-10(E), Section: A.
Contained By:	Dissertation Abstracts International78-10A(E).
Subject:	Economics. -
Online resource:	click for full text (PQDT)
ISBN:	9781369825244

Understanding Behavioral Differences Between American and Chinese Investors.
Li, Jiaming.

Understanding Behavioral Differences Between American and Chinese Investors. - 1 online resource (113 pages)

Source: Dissertation Abstracts International, Volume: 78-10(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

In this thesis, I am trying to understand how non-professional investors' wealth allocation decisions and loss aversion change subject to behavioral factors and across markets. We are interested in analyzing how index data from USA (SP500), mainland China (Shanghai's SSEC) and Hong Kong (HKSE) can provide us some lights into the differences on optimal wealth assignment between risky and risk-free assets using a portfolio allocation model where risk is measured by the Value-at-Risk (VaR). In this document, we follow Rengifo and Trifan (2010) where risk is modified under the extended prospect theory framework. In what follows we show that individuals' investments change depending on their portfolio evaluation frequencies, the way the value the past (cushion, cumulative cushion or dynamic cushion). We also test the endogenous VaR and see its impact on portfolio decisions. In the last sections, we test whether there is a long-term relationship among the indices used and finally, show that herding behavior is present in all the markets under study.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9781369825244Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

Understanding Behavioral Differences Between American and Chinese Investors.
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100 1 $a Li, Jiaming. $3 1183459
245 1 0 $a Understanding Behavioral Differences Between American and Chinese Investors.
264 0 $c 2017
300 $a 1 online resource (113 pages)
336 $a text $b txt $2 rdacontent
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338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 78-10(E), Section: A.
500 $a Adviser: Hrishikesh Vinod.
502 $a Thesis (Ph.D.) $c Fordham University $d 2017.
504 $a Includes bibliographical references
520 $a In this thesis, I am trying to understand how non-professional investors' wealth allocation decisions and loss aversion change subject to behavioral factors and across markets. We are interested in analyzing how index data from USA (SP500), mainland China (Shanghai's SSEC) and Hong Kong (HKSE) can provide us some lights into the differences on optimal wealth assignment between risky and risk-free assets using a portfolio allocation model where risk is measured by the Value-at-Risk (VaR). In this document, we follow Rengifo and Trifan (2010) where risk is modified under the extended prospect theory framework. In what follows we show that individuals' investments change depending on their portfolio evaluation frequencies, the way the value the past (cushion, cumulative cushion or dynamic cushion). We also test the endogenous VaR and see its impact on portfolio decisions. In the last sections, we test whether there is a long-term relationship among the indices used and finally, show that herding behavior is present in all the markets under study.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economics. $3 555568
650 4 $a Finance. $3 559073
650 4 $a Behavioral sciences. $3 1148596
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
690 $a 0508
690 $a 0602
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Fordham University. $b Economics. $3 1183460
773 0 $t Dissertation Abstracts International $g 78-10A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10273529 $z click for full text (PQDT)