Title :
Notice of Retraction
Research on the Mental Mechanism of Chinese Individual Investor
Author :
Xusong Xu ; Zuodong Lu
Author_Institution :
Econ. & Manage. Sch., Wuhan Univ., Wuhan
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Psychological research has becomes one of the foundations of behavioral finance. In this paper, the investor mental biases are classified into two types: emotional characteristic and cognitive characteristic. Emotional characteristic includes overconfidence, loss aversion and regret aversion. Cognitive characteristic includes representativeness heuristic, availability heuristic and anchoring and adjustment. At the same time, insight into the deeply psychological mechanism of investor´s behavioral biases is offered according to the self-esteem theory based on which some of the investor´s behavioral biases on Chinese stock market are explained in detail.
Keywords :
cognition; investment; stock markets; Chinese individual investor; Chinese stock market; adjustment; anchoring; availability heuristic; behavioral finance; cognitive characteristic; emotional characteristic; investor mental biases; loss aversion; overconfidence; psychological research; regret aversion; representativeness heuristic; self-esteem theory; Books; Costs; Finance; Financial management; Investments; Pricing; Psychology; Reflection; Security; Stock markets;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
DOI :
10.1109/WiCom.2008.2380
