Tse-Chun Lin

The University of Hong Kong

Tse-Chun Lin received his PhD in finance from the University of Amsterdam in 2009. Currently, he is a professor of finance at The University of Hong Kong. His main research area is behavioral finance, and his research has been published in leading academic journals, including "Journal of Financial Economics" and "Review of Financial Studies."

Articles by Tse-Chun Lin


Superstition and Gambling on the Stock Market

Thursday, May 24, 2018

Nearly 10% of stock market investors trade as if they are gambling. This leads to more trades and more money on the market, but yields much lower returns for the investors. We should acknowledge this behavior and boost financial education and risk assessment, rather than assuming that investors are perfectly rational.