129773984761250000_46Review: investment communications expert, MarketWatch columnist herb (Mark Hulbert) quoted the findings of experts pointed out that investor sentiment will often be taken seriously affects the results of sports competitions, suffered losses due to his irrational reaction. Following Herbert's comment on the text of the article: MarchSo is known as March Madness
tera power leveling, one of the most important reasons is that investors in their favorite teams after the defeat, tend to make bad things. On this point, I was no sense of unknown white. Near my Office, there are two universities, and their basketball team lost in just the last weekend of the NCAA competition. On Monday, I really seeMany people have elongated faces, some people can simply say that frustration, I even heard a fatalistic view. I do not like to imagine what they will do to their portfolio. Am I too pessimistic on human nature? I do not think so. In this regard, we can refer to a couple of years ago and was published in the famous JouRNal reports a study of Finance. The report entitled the sports sentiment and stock returns. Several researchers are the Pennsylvania aidemansi
tera gold, Associate Professor of finance at the Wharton (Alex Edmans) North Carolina Garcia, associate professor in finance (Diego Garcia), and movePrestige Institute of management Professor of finance and Economics nuoerli (Oyvind Norli). Several experts of the research is that when a country's national team in international competition, which was a failure, what does the stock market what will now happen in this country. Their primary reference is from the football World Cup, but they also study to cricket, oliveBall and basketball competitions. They found that if a country's football team lost the World Cup knockout phase of the competition, and the next day, the country's stock market would suffer losses of 38 basis points on average. Needless to say, 38 basis points of digital look is not that big a deal, but in the eyes of statisticians, is another story. If every dayLoss of 38 basis points a year, losses will exceed 60%. Next
tera gold, the researchers also found that such low returns don't find any reasonable explanation, it's not difficult to understand. Thus, they conclude, loss of markets, the reason can only be "the impact of the results of the competition on the psychology of investors." This study will undoubtedly once againWoke us, telling us how difficult to be objective in the investment is. We are proud of themselves as rational creatures, but the face of our emotions, our rational often is not much of a chance. Therefore, if you are a big fan of college basketball fans, you lose your favorite team after the game, where you want to take action against his portfolio whenWait, it is better to think twice, think again. (Jin)
Others:
没有评论:
发表评论