129773932933437500_113Review: 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: the March will be called crazyIn March, one of the most important reasons is that investors in their favorite teams after the defeat
tera power leveling, tend to make bad things. On this point, I was no sense of unknown white. Near my Office
tera gold, there are two universities, and their basketball team lost in just the last weekend of the NCAA competition. On Monday, I really see many 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 one or two years ago, published in the prestigious Journal of FinanA study of CE. The report entitled the sports sentiment and stock returns. Several researchers are the Pennsylvania aidemansi, Associate Professor of finance at the Wharton (Alex Edmans) North Carolina Garcia, associate professor in finance (Diego Garcia), and Norway Connaught School of management Professor of finance and Economics(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 the game of cricket, football and basketball. They madeNow, 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 the loss of 38 basis points every day, then a year,Losses are more than 60%. Next, 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 research will undoubtedly once again reminded us, telling us to investmentDifficulty of objectively.
We are proud of themselves as rational creatures, but the face of our emotions, our rational often is not much of a chance. Therefore
tera power leveling, if you are a fanatic fans of college basketball, after the team lost a game you love, you want to take action on their portfolio, had better think twice, think again. (Jin)Online statement Gold: gold online reprint of the above content, does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.
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