Individual investment decision behaviors based on demographic characteristics: Case from China.
Where this comes from
- Record sourced from PubMed, PMID 30092101.
- Also identified by DOI 10.1371/journal.pone.0201916 and PMC identifier 6085059.
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Abstract
Predicting and analyzing behaviors of investors is of great value to financial institutions. This paper uses survey data from about 9,000 individual investors across China to explore the predictability of decision behaviors by studying demographic characteristics that are relatively easy to obtain. After applying Pearson's chi-squared test, Spearman rank correlation test, and several data mining methods, we verified that demographic characteristics are closely linked to decision behaviors, and it would be an economical and feasible solution for financial organizations to build initial behavioral prediction models especially when investors' behavioral data are insufficient.
Medical subject headings
- Decision Making
- Investments