Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.11861/4415
Title: Empirical study on conservative and representative heuristics of Hong Kong small investors adopting momentum and contrarian trading strategies
Authors: HON Tai Yuen, Kurt 
Dr. WOO Kai Yin 
Chow, Sheung-chi 
Wong, Wing-keung 
Issue Date: 2017
Abstract: Recently, a new Bayesian approach has been developed to explain some market anomalies. In this paper, we conduct a questionnaire survey to examine whether the theory holds empirically by studying the conservative and representative heuristics by Hong Kong small investors who adopt momentum and/or contrarian trading strategies. In addition, our study provides evidence for the small investors on their time horizon and risk tolerance when facing uncertainty in their investments. Our findings are useful to small investors in their investment decision making and useful to financial advisors in providing service to small investors.
Description: 39 pages
Type: Working Paper
URI: http://hdl.handle.net/20.500.11861/4415
Appears in Collections:Economics and Finance - Publication

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