Culture and Stock Price Clustering: Evidence from The Peoples' Republic of China
Price clustering is the tendency of prices to be observed more frequently at some numbers than others. It results from human bias and from haziness or imprecise beliefs about underlying value. To many Chinese, the number 8 is attractive because it is considered "lucky", while 4 is "un...
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| Language: | EN |
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2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/5463 |