Li, Chun-An; Yeh, Chih-Cheng - In: Review of Pacific Basin Financial Markets and Policies … 14 (2011) 03, pp. 429-448
By using the relationship between high sentiment and momentum, the main purpose of this paper is to investigate if psychological biases of investors have an influence on behavioral biases. We find that in the China stock market, high sentiment of loser groups is correlated with contributors of...