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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w27866 |
来源ID | Working Paper 27866 |
The Wisdom of the Robinhood Crowd | |
Ivo Welch | |
发表日期 | 2020-09-28 |
出版年 | 2020 |
语种 | 英语 |
摘要 | Robinhood (RH) investors collectively increased their holdings in the March 2020 COVID bear market, indicating an absence of panic and margin calls. Their steadfastness was rewarded in the subsequent bull market. Despite unusual interest in some “experience” stocks, their aggregated consensus portfolio (likely mimicking the household-equal-weighted portfolio) primarily tilted towards stocks with high past share volume and dollar-trading volume. These were mostly big stocks. Both their timing and their consensus portfolio performed well from mid-2018 to mid-2020. |
主题 | Microeconomics ; Behavioral Economics ; Financial Economics ; Portfolio Selection and Asset Pricing ; Behavioral Finance ; COVID-19 |
URL | https://www.nber.org/papers/w27866 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585540 |
推荐引用方式 GB/T 7714 | Ivo Welch. The Wisdom of the Robinhood Crowd. 2020. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w27866.pdf(517KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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