This paper investigates the role of financial literacy overconfidence in investment fraud victimization using the data of a nationally representative survey in China. We find that male, wealthy, and educated respondents tend to be more confident about their financial knowledge. Moreover,...

This paper introduces quasi-maximum likelihood estimator for multivariate diffusions based on discrete observations. A numerical solution to the stochastic differential equation is obtained by higher order Wagner-Platen approximation and it is used to derive the first two conditional moments....

This paper introduces quasi-maximum likelihood estimator for multivariate diffusions based on discrete observations. A numerical solution to the stochastic differential equation is obtained by higher order Wagner-Platen approximation and it is used to derive the first two conditional moments....

We conduct an incentivized experiment to test whether the willingness to pay is higher for debit cards compared to cash for three consumer products. Our findings support this conjecture also after controlling for cash availability, spending type, price familiarity and consumption habits of the...

With the development of modern agriculture and the further improvement in balancing urban and rural development, rural tourism ushered in a new opportunity for development. However, due to lack of market segmentation, rural tourism in China is facing many problems. the rural tourists will be...

The thesis summarizes the connotation of rural tourism and divides it into six types, including rural sightseeing and leisure tour, rural sports and fitness tour, rural folk culture tour, rural farming experience tour, rural business activity tour and rural learning and development tour. It...