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dc.contributor.authorLei, Shaneng
dc.contributor.authorYao, Ruieng
dc.contributor.deptlabPersonal Financial Planningeng
dc.date.issued2015eng
dc.descriptionPostprint.eng
dc.description.abstractUsing 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.bibrefIncludes bibliographical references.eng
dc.format.extent27 pageseng
dc.identifier.citationOriginal: 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.urihttps://hdl.handle.net/10355/62736
dc.languageEnglisheng
dc.rightsOpenAccess.eng
dc.rights.licenseThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.eng
dc.subjectBehavioral bias ; down market ; investment behavior ; recessioneng
dc.titleFactors related to making investment mistakes in a down marketeng
dc.typePostprinteng
dc.typeArticleeng


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