A Study on Investor’s Personality Trait and Over-confidence Behavior: The Case of Taiwan Stock Market

碩士 === 國立臺北科技大學 === 經營管理系碩士班 === 100 === Previous behavioral finance studies focused on the psychological biases of investors’ behaviors in different financial markets, and only few literatures explored the classifications of the different types of personality traits. The main purpose of this study...

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Bibliographic Details
Main Authors: Yu-Ting Huang, 黃鈺婷
Other Authors: 趙莊敏
Format: Others
Language:zh-TW
Published: 2012
Online Access:http://ndltd.ncl.edu.tw/handle/2vuw54
Description
Summary:碩士 === 國立臺北科技大學 === 經營管理系碩士班 === 100 === Previous behavioral finance studies focused on the psychological biases of investors’ behaviors in different financial markets, and only few literatures explored the classifications of the different types of personality traits. The main purpose of this study is to examine whether investors have different overconfidence tendency among different types of personality traits and personal backgrounds, and whether those differences could affect the investors’ trading behaviors. This study uses questionnaire survey which combines “overconfidence” with two types of personality traits: Locus of Control and Risk Taking. Moreover, we use the trading details which the school organized by “virtual investment competition” and employ several statistics models (i.e. descriptive analysis, reliability and validity analysis, nonparametric statistics, canonical correlation and GMM) to investigate the relationship between investors’ psychological status, personal background and trading behaviors.