The Hong Kong Polytechnic University’s Post

【Results of the “Behavioural Science Study on Investor Behaviour in the Virtual Asset Markets” Announced】   #PolyU Department of Applied Social Sciences (APSS) was commissioned by The Investor and Financial Education Council (IFEC) to study the factors that influence investors’ decision-making in the virtual asset market. The result was announced on 11 October 2023, with data collected through a survey conducted from October to November 2022 with 501 respondents aged from 18 to 69 who have traded or held virtual assets in the past 12 months.   The survey concluded that the investors used habitual mental shortcuts (known as "heuristics" in behavioural economics), including: ·    Availability – tendency to rely on information that is readily available, easy to recall and highly familiar ·    Anchoring – pay too much attention to past information, such as prices of initial coin offering ·    Overconfidence – overestimate personal investment intuition and the ability to achieve high investment returns, etc. Learn more: https://polyu.hk/cvrmh   #PolyU #APSS #InvestorBehaviour #VirtualAsset

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