上升式社会比较对零售交易行为的影响
Sandra Andraszewicz1,2, Dániel Kaszás3, Stefan Zeisberger4,5
1Chair of Cognitive Science, ETH Zurich, Clausiusstrasse 59, 8092, Zürich, Switzerland. sandraszewicz@ethz.ch.
Scientific reports
|December 20, 2023
概括
在投资平台上看到表现最好的投资者会增加风险承担和交易活动,但会降低投资者满意度. 这凸显了社交交易和同行信息对零售投资者的风险.
科学领域:
- 行为金融是行为金融.
- 金融心理学 金融心理学
- 零售投资者的行为 零售投资者的行为
背景情况:
- 数字投资平台提供访问同行绩效数据.
- 这种社会比较对零售投资者的心理影响尚不清楚.
- 现有的研究缺乏关于同行信息如何影响交易行为和风险的洞察力.
研究的目的:
- 调查上升社会比较对零售投资者的风险承担的影响.
- 分析对交易活动和投资者满意度的影响.
- 了解与现代投资平台相关的风险.
主要方法:
- 在807名经验丰富的零售投资者中进行了一项实验.
- 参与者在模拟的,动态发展的股票市场上进行交易.
- 交易活动,风险承担和投资者满意度都被系统地衡量.
主要成果:
- 暴露于上升的社会比较的投资者表现出更大的冒险性.
- 在社会比较组中,交易活动显著增加.
- 投资者对个人业绩的满意度明显较低.
结论:
- 投资平台上的上升社会比较可以导致不利的金融行为.
- 该研究揭示了社交交易的陷,以及随时可用的同行绩效数据.
- 调查结果为提高零售投资者保护和满意度提供了指导方针.
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