dc.contributor.author | Lei, Shan | eng |
dc.contributor.author | Yao, Rui | eng |
dc.contributor.deptlab | Personal Financial Planning | eng |
dc.date.issued | 2015 | eng |
dc.description | Postprint. | eng |
dc.description.abstract | Using data from the 2008 FPA-Ameriprise Financial Value of Financial Planning Research Study, this study identifies the factors related to making investment mistakes by moving assets into more of a cash position in a down market while having an adequate level of emergency funds. The results show that investors who are male, Asian, wealthier, overconfident, loss-averse, and reported an understanding of financial risks are more likely to make such investment mistakes during a down market. These findings have important implications for investors, their advisors, and financial planning professionals in general. | eng |
dc.description.bibref | Includes bibliographical references. | eng |
dc.format.extent | 27 pages | eng |
dc.identifier.citation | Original: Lei, S. & Yao, R. (2015). Factors related to making investment mistakes in a down market. Journal of Personal Finance, 14(2), 34-42. | eng |
dc.identifier.uri | https://hdl.handle.net/10355/62736 | |
dc.language | English | eng |
dc.rights | OpenAccess. | eng |
dc.rights.license | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License. | eng |
dc.subject | Behavioral bias ; down market ; investment behavior ; recession | eng |
dc.title | Factors related to making investment mistakes in a down market | eng |
dc.type | Postprint | eng |
dc.type | Article | eng |