Empirical study on the behaviours of different types of Hong Kong small investors' in their investment

HON Tai Yuen, KurtKurtHON Tai YuenDr. WOO Kai YinChow, Sheung-chiSheung-chiChowProf. WONG Wing-keung2017-09-012017-09-012015http://hdl.handle.net/20.500.11861/4411http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2565780Online AccessLam, et al. (2010, 2012) and Guo, et al. (2015) have developed a new Bayesian approach to explain some market anomalies. In this paper we conduct a survey to examine whether the theory developed in Lam, et al. (2010, 2012) and Guo, et al. (2015) holds empirically by studying the behavior of different types of Hong Kong small investors’ in their investment, especially during financial crisis.enEmpirical study on the behaviours of different types of Hong Kong small investors' in their investmentWorking Paper10.2139/ssrn.2565780