Superstition and financial decision making
In Chinese culture, certain digits are lucky and others unlucky. We test how such numerological superstition affects financial decision in the China initial public offering (IPO) market. We find that the frequency of lucky numerical stock listing codes exceeds what would be expected by chance. Also...
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Main Authors: | Hirshleifer, David, Jian, Ming, Zhang, Huai |
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Other Authors: | Nanyang Business School |
Format: | Article |
Language: | English |
Published: |
2019
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Subjects: | |
Online Access: | https://hdl.handle.net/10356/100614 http://hdl.handle.net/10220/48552 |
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Institution: | Nanyang Technological University |
Language: | English |
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