Why do you always lose money stocks Empirical influence 追踪309

Why do you lose money: old stock of the empirical Sina Finance opinion leader (WeChat public kopleader) deviant behavior columnist Hao Xuguang people to maintain the status quo, there are a number of reasons, such as the pursuit of a sense of control to prove correct, risk aversion and "loss aversion", seeking security and insurance, to avoid regret, believe oneself experience, habits of thinking, to change the status quo of desire is often negative and so on others. Why investors often do not want to change the fact that the effect is not good investment habits? For example, only stare at the bad performance stocks; although the huge loss is still unable to adjust the direction in time, often in the fall on the way to grab a rebound? Psychologically, the important reason is that they are often left to maintain the status quo. Samuelson and Zeckhauser first proposed the concept of maintaining the status quo bias (Status Quo Bias) in 1988. This is a concept closely related to the endowment effect, which means that people do not want to change the status quo. Some scholars use the questionnaire to investigate the subjects. Suppose you have 2000 yuan in your account, and then answer the question: are you willing to accept a chance of $5050, or a loss of $300 or $500? Then answer: you would like to keep the account of 2000 yuan, or to accept a chance of a $5050, or have an account of $1700, or $2500? The first problem is to meet the requirements of the test to maintain the status quo bias, change the status quo, the number of earnings is greater than the number of losses, the opportunity to accept this is obviously better than not to accept the effect. The second problem is just a change of expression. The results show that: the first problem, 37% of regulators and the general manager of the 32% is willing to accept; 63% of the regulators and the management of the 68% are unwilling to accept, that is more than 60% of the property to maintain the status quo. On the second issue, 29% of regulators and about 27% of managers said they didn’t want to take risks, but only about a quarter of the regulators and 63% of managers chose to accept the opportunity of 5050. It can be seen that although the problem formulation can have a certain impact on the decision-making of regulators and managers, it is still difficult to change the impact of the current situation bias. Some scholars also asked this question: if 5 years ago you spend $10 to buy a bottle of wine, now rise to $200. You have three choices: sell for $200, buy a bottle for $200, and drink it slowly. The results of the survey, most people choose to drink slowly. This shows a typical status quo bias. Jack Knetsch did an experiment. He asked the students of the two classes to fill out the questionnaire and send a gift to each of them. This gift is always placed in front of the subjects during the experiment. One class is expensive and the other is chocolate. At the end of the experiment, the experimenter took out another gift and told the participants to exchange the gift in the hands of the present. Results only about 10% of the subjects chose to exchange gifts. In the United States, New Jersey and Pennsylvania are provided to the owner of the two car owners can choose freely相关的主题文章: