A study on the influence of undergraduate students’ traits and psychological biases on their trading behaviours.
This study investigates the overconfidence and risk tolerance level of undergraduate students and their influence on undergraduates’ trading behavior. The main objective is to discover the factors affecting the level of overconfidence and the impact of gender on the risk tolerances of the u...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/48332 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | This study investigates the overconfidence and risk tolerance level of undergraduate
students and their influence on undergraduates’ trading behavior. The main objective is to
discover the factors affecting the level of overconfidence and the impact of gender on the
risk tolerances of the undergraduate students. We further aim to understand how the degree
of overconfidence and risk tolerances would affect the trading behaviors of undergraduate
sutdents. A survey, including a trading game was conducted on 192 respondents. All our
hypotheses were supported in our study. Likely explanations for the strong relationships are
explained in the discussion of findings. This study allows for the better understanding of
the investment behaviors of undergraduate students. This is integral as there is an
increasing trend of them investing and they will eventually form the group of full time
investors. The main limitation of this study is that we are unable to reenact a real trading
scenario as actual, precise market trading data of the undergraduates would be unavailable.
Future research should be conducted on a larger scale over a longer time frame to allow for
the use of real market trading data. |
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