What do individual traders of TAIEX futures learn from their trading activities?

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DC Field	Value	Language
dc.contributor.author	Mei-Chen Lin	en_US
dc.contributor.author	Kwang-Li Yang	en_US
dc.date.accessioned	2017-07-25T06:33:39Z	-
dc.date.available	2017-07-25T06:33:39Z	-
dc.date.issued	2016-12-01	en_US
dc.identifier.issn	1028-7319	en_US
dc.identifier.uri	http://hdl.handle.net/11536/137150	-
dc.description.abstract	This study analyzes what individual traders who engage in TAIEX futures learn from their trading with data covering all TAEIX futures contracts between January 2004 and December 2008. We use a semi-parametric regression model and a Cox proportional hazard rate model for data analysis and find that losing traders stop trading actively after realizing their poor ability of trading, thus supporting the rational learning model. However, traders’ performance does not improve until they have enough trading experience. This finding indicates that traders have limited rationality and that the speed of learning from trading is irritatingly slow.	en_US
dc.language.iso	en_US	en_US
dc.publisher	交通大學	zh_TW
dc.publisher	National Chiao Tung University	en_US
dc.subject	Experience；；Learning；；Performance	en_US
dc.title	What do individual traders of TAIEX futures learn from their trading activities?	en_US
dc.title	是否台指期貨交易者能從交易中學習？	zh_TW
dc.type	Campus Publications	en_US
dc.identifier.journal	交大管理學報	zh_TW
dc.identifier.journal	Chiao Da Mangement Review	en_US
dc.citation.volume	36	en_US
dc.citation.issue	2	en_US
dc.citation.spage	31	en_US
dc.citation.epage	64	en_US
Appears in Collections:	Chiao Da Mangement Review

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