Princeton Economics Department Young Star - Wei Xiong from China:
He examined how investor's disparate belief "wanquanbuxiangtongde xinyang" in Pin Yin plus overconfidence lead to frequent trading in bubble periods. He used China's dual share class to study investors' speculative BEHAVIOR i.e."Xingwei" in Pin Yin. My comment: Behavior is the reflection of philosophy of life. Can we get rich quick to obtain happiness? As I sent my previous blogs: The ultimate test of achievement is the contribution a person has made to the goal of human happiness. What is happiness? A mindset? A reflection of human behavior from a person's educational background? Epistemology? The answer depends on your own reasoning,indeed! Can money buy happiness? Maybe so but maybe NOT?
Francis Shieh a.k.a. Xie Shihao on May 16, 2008
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