|
Based on your IP address, your paper is being delivered by:
|
 |
 |
 |
 |
 |
New York, USA
Processing request.
|
Illinois, USA
Processing request.
|
Brussels, Belgium
Processing request.
|
Seoul, Korea
Processing request.
|
California, USA
Processing request.
|
If you have any problems downloading this paper,
please click on another Download Location above, or
File name: SSRN-id2038930. ; Size: 416K
|
|
Financial Knowledge and Rationality of Canadian Investors
Cécile Carpentier
Laval University; Center for Interuniversity Research and Analysis on Organization (CIRANO); University of Lille II - European Center for Corporate Control Studies
Jean-Marc Suret
Laval University; Center for Interuniversity Research and Analysis on Organization (CIRANO); European Center for Corporate Control Studies
March 18, 2012
Abstract:
Investors’ financial skill rests on two elements: 1) literacy, which is the financial knowledge itself and the skill required to use the knowledge, and 2) rationality, which refers to the lack of major biases such as overconfidence. To estimate the level of investors’ knowledge and rationality, we administered an online survey to 1814 investors in Québec and Ontario who manage their own stock portfolios. Their average portfolio is valued at $200,000, mostly invested in stocks of large or small listed companies. We measured knowledge using scores and compared these scores with investors’ evaluations of their knowledge in various areas, to examine the dimension of rationality. We also tried to identify several other behavioral biases.
Number of Pages in PDF File: 55
working papers series
Download This Paper
Date posted: April 13, 2012
Suggested CitationCarpentier, Cécile and Suret, Jean-Marc, Financial Knowledge and Rationality of Canadian Investors (March 18, 2012). Available at SSRN: http://ssrn.com/abstract=2038930 or http://dx.doi.org/10.2139/ssrn.2038930
|
| Feedback to SSRN (Beta) |
|
|
|
|
|
|
