{"id":"https://openalex.org/W110369993","doi":null,"title":"Getting Better: Learning to Invest in an Emerging Stock Market","display_name":"Getting Better: Learning to Invest in an Emerging Stock Market","publication_year":2014,"publication_date":"2014-03-01","ids":{"openalex":"https://openalex.org/W110369993","mag":"110369993"},"language":"en","primary_location":{"id":"mag:110369993","doi":null,"is_oa":false,"landing_page_url":"http://aida.econ.yale.edu/~shiller/behfin/2013_04-10/Campbell_Ramadorai_Ranish.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5042695170","display_name":"Tarun Ramadorai","orcid":"https://orcid.org/0000-0002-4145-205X","observed_orcids":["https://orcid.org/0000-0002-4145-205X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Tarun Ramadorai","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103093603","display_name":"John Campbell","orcid":"https://orcid.org/0000-0002-8089-5304","observed_orcids":["https://orcid.org/0000-0002-8089-5304"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"John Campbell","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-8089-5304","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5047851565","display_name":"Benjamin Ranish","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ben Ranish","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":7.6136,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":{"value":0.9680166,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":99},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/individual-investors","display_name":"retail investors","score":0.7950000166893005},{"id":"https://openalex.org/keywords/investor-experience","display_name":"investor experience","score":0.8429999947547913},{"id":"https://openalex.org/keywords/portfolio-performance","display_name":"portfolio performance","score":0.8799999952316284},{"id":"https://openalex.org/keywords/value-stocks","display_name":"value stocks","score":0.8389999866485596},{"id":"https://openalex.org/keywords/disposition-effect","display_name":"disposition effect","score":0.9319999814033508},{"id":"https://openalex.org/keywords/under-diversification","display_name":"under-diversification","score":0.925000011920929},{"id":"https://openalex.org/keywords/reinforcement-learning","display_name":"reinforcement learning","score":0.8859999775886536},{"id":"https://openalex.org/keywords/investor-learning","display_name":"investor learning","score":0.5559999942779541},{"id":"https://openalex.org/keywords/indian-stock-market","display_name":"Indian stock market","score":0.6499999761581421},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.7599999904632568}],"concepts":[{"id":"https://openalex.org/C63134877","wikidata":"https://www.wikidata.org/wiki/Q1229229","display_name":"Disposition effect","level":3,"score":0.6710445880889893},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6169173121452332},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6123467683792114},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.49997472763061523},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4577047824859619},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.4275939464569092},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4204559922218323},{"id":"https://openalex.org/C143591128","wikidata":"https://www.wikidata.org/wiki/Q1746791","display_name":"Growth stock","level":5,"score":0.41903817653656006},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3328663110733032},{"id":"https://openalex.org/C12747933","wikidata":"https://www.wikidata.org/wiki/Q13405082","display_name":"Stock market bubble","level":4,"score":0.11215347051620483},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:110369993","doi":null,"is_oa":false,"landing_page_url":"http://aida.econ.yale.edu/~shiller/behfin/2013_04-10/Campbell_Ramadorai_Ranish.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[{"display_name":"Observational Study","id":"https://openalex.org/study-designs/observational-study"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":42,"referenced_works":["https://openalex.org/W1584411492","https://openalex.org/W1935715103","https://openalex.org/W1969312274","https://openalex.org/W1982030460","https://openalex.org/W1995834279","https://openalex.org/W2000480293","https://openalex.org/W2000856666","https://openalex.org/W2046568557","https://openalex.org/W2062435729","https://openalex.org/W2075964332","https://openalex.org/W2089845703","https://openalex.org/W2095044980","https://openalex.org/W2125884277","https://openalex.org/W2143173505","https://openalex.org/W2143690586","https://openalex.org/W2144876393","https://openalex.org/W2152034018","https://openalex.org/W2157323155","https://openalex.org/W2162744915","https://openalex.org/W2162746398","https://openalex.org/W2171168084","https://openalex.org/W3023582314","https://openalex.org/W3121282282","https://openalex.org/W3122260906","https://openalex.org/W3122720375","https://openalex.org/W3122843332","https://openalex.org/W3122890729","https://openalex.org/W3123211549","https://openalex.org/W3123254948","https://openalex.org/W3123386791","https://openalex.org/W3123675459","https://openalex.org/W3123677014","https://openalex.org/W3123700708","https://openalex.org/W3123974814","https://openalex.org/W3124141057","https://openalex.org/W3124367072","https://openalex.org/W3124521753","https://openalex.org/W3125087107","https://openalex.org/W3125388642","https://openalex.org/W3125696892","https://openalex.org/W3125917831","https://openalex.org/W3126080930"],"related_works":["https://openalex.org/W4256174998","https://openalex.org/W1923814613","https://openalex.org/W1862789585","https://openalex.org/W3121282282","https://openalex.org/W7100425594","https://openalex.org/W7099032677","https://openalex.org/W7097170890","https://openalex.org/W2979975620","https://openalex.org/W2900166391","https://openalex.org/W3122115848"],"abstract_inverted_index":{"This":[0],"paper":[1],"reports":[2],"evidence":[3],"that":[4],"individual":[5],"investors":[6,24,48,66,89],"in":[7,19],"Indian":[8,79],"equities":[9],"hold":[10],"better":[11],"performing":[12],"portfolios":[13,27],"as":[14,60,62],"they":[15],"become":[16],"more":[17],"experienced":[18],"the":[20],"equity":[21],"market.":[22],"Experienced":[23,47],"tilt":[25],"their":[26,44],"profitably":[28],"towards":[29],"value":[30],"stocks":[31,33,80],"and":[32,55,87],"with":[34,74],"low":[35],"turnover,":[36],"but":[37],"these":[38],"tilts":[39],"do":[40],"not":[41],"fully":[42],"explain":[43],"good":[45],"performance.":[46],"also":[49],"tend":[50],"to":[51],"have":[52],"lower":[53],"turnover":[54],"disposition":[56],"bias.":[57],"These":[58],"behaviors,":[59],"well":[61,84],"underdiversification,":[63],"diminish":[64],"when":[65],"experience":[67],"poor":[68],"returns":[69,93],"resulting":[70],"from":[71],"them,":[72],"consistent":[73],"models":[75],"of":[76,100],"reinforcement":[77],"learning.":[78],"held":[81],"by":[82],"experienced,":[83],"diversified,":[85],"low-turnover":[86],"low-disposition-bias":[88],"deliver":[90],"higher":[91],"average":[92],"even":[94],"controlling":[95],"for":[96],"a":[97],"standard":[98],"set":[99],"stock-level":[101],"characteristics.":[102]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":7},{"year":2013,"cited_by_count":3}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
