search query: @freeterm Cultural differences / total: 9
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| Author: | Ji, L-J. Zhang, Z. Guo, T. |
| Title: | To buy or to sell: Cultural differences in stock market decisions based on price trends |
| Journal: | Journal of Behavioral Decision Making
2008 : OCT, VOL. 21:4, p. 399-413 |
| Index terms: | decision making stock markets prices theories Canada China |
| Freeterms: | cultural differences |
| Language: | eng |
| Abstract: | This study deals with four studies comparing the stock market decisions of Canadians (here as: Cnds.) and Chinese (as: Chns.). Using simple stock market trends, in two studies compared with Chns., Cnds. were more willing to sell (as: w-to-s.) and less willing to buy (as: w-to-b.) falling stock. However, with stock prices rising, the opposite occurred: Cnds. were more w-to-b. and less w-to-s. A third study showed that for complex stock price trends (as: p-trends.), Cnds. were strongly influenced by the most recent p-trends., whereas the Chns. made reversal predictions for the dominant trends. A fourth study replicated the finding with experienced individual investors. These findings are consistent with the previous literature. |
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