{"id":"https://openalex.org/W2029136104","doi":"https://doi.org/10.1109/icmse.2009.5317941","title":"An experimental study on investors' status quo bias","display_name":"An experimental study on investors' status quo bias","publication_year":2009,"publication_date":"2009-09-01","ids":{"openalex":"https://openalex.org/W2029136104","doi":"https://doi.org/10.1109/icmse.2009.5317941","mag":"2029136104"},"language":"en","primary_location":{"id":"doi:10.1109/icmse.2009.5317941","doi":"https://doi.org/10.1109/icmse.2009.5317941","is_oa":false,"landing_page_url":"https://doi.org/10.1109/icmse.2009.5317941","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2009 International Conference on Management Science and Engineering","raw_type":"proceedings-article"},"volume":null,"type":"conference-paper","indexed_in":["crossref"],"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/A5083049392","display_name":"Jianbiao Li","orcid":"https://orcid.org/0000-0002-8097-8150","observed_orcids":["https://orcid.org/0000-0002-8097-8150"]},"institutions":[{"id":"https://openalex.org/I205237279","display_name":"Nankai University","ror":"https://ror.org/01y1kjr75","country_code":"CN","type":"education","lineage":["https://openalex.org/I205237279"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jian-biao Li","raw_affiliation_strings":["Research Center for Corporate Governance/Business School, Nankai University, P.R.China","Research Center for Corporate Governance / Business School, Nankai University, China, 300071"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Center for Corporate Governance/Business School, Nankai University, P.R.China","institution_ids":["https://openalex.org/I205237279"]},{"raw_affiliation_string":"Research Center for Corporate Governance / Business School, Nankai University, China, 300071","institution_ids":["https://openalex.org/I205237279"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5076444063","display_name":"Guangqian Ren","orcid":"https://orcid.org/0000-0003-3739-5029","observed_orcids":["https://orcid.org/0000-0003-3739-5029"]},"institutions":[{"id":"https://openalex.org/I205237279","display_name":"Nankai University","ror":"https://ror.org/01y1kjr75","country_code":"CN","type":"education","lineage":["https://openalex.org/I205237279"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Guang-qian Ren","raw_affiliation_strings":["Research Center for Corporate Governance/Business School, Nankai University, P.R.China","Research Center for Corporate Governance / Business School, Nankai University, China, 300071"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Center for Corporate Governance/Business School, Nankai University, P.R.China","institution_ids":["https://openalex.org/I205237279"]},{"raw_affiliation_string":"Research Center for Corporate Governance / Business School, Nankai University, China, 300071","institution_ids":["https://openalex.org/I205237279"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5047490849","display_name":"Lv-ke Liu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I205237279","display_name":"Nankai University","ror":"https://ror.org/01y1kjr75","country_code":"CN","type":"education","lineage":["https://openalex.org/I205237279"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Lv-ke Liu","raw_affiliation_strings":["Research Center for Corporate Governance/Business School, Nankai University, P.R.China","Research Center for Corporate Governance / Business School, Nankai University, China, 300071"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Center for Corporate Governance/Business School, Nankai University, P.R.China","institution_ids":["https://openalex.org/I205237279"]},{"raw_affiliation_string":"Research Center for Corporate Governance / Business School, Nankai University, China, 300071","institution_ids":["https://openalex.org/I205237279"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I205237279"],"apc_list":null,"apc_paid":null,"fwci":2.3429,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":{"value":0.86503067,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":94},"biblio":{"volume":"19","issue":null,"first_page":"1582","last_page":"1593"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9359999895095825,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9359999895095825,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.05829999968409538,"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/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.002300000051036477,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/status-quo-bias","display_name":"status quo bias","score":0.9990000128746033},{"id":"https://openalex.org/keywords/framing-effects","display_name":"framing effects","score":0.8659999966621399},{"id":"https://openalex.org/keywords/investor-sentiment","display_name":"investor sentiment","score":0.9940000176429749},{"id":"https://openalex.org/keywords/information-structure","display_name":"information structure","score":0.9509999752044678},{"id":"https://openalex.org/keywords/investment-decisions","display_name":"investment decision-making","score":0.6370000243186951},{"id":"https://openalex.org/keywords/investment-portfolio","display_name":"investment portfolio","score":0.3160000145435333},{"id":"https://openalex.org/keywords/prospect-theory","display_name":"prospect theory","score":0.34200000762939453}],"concepts":[{"id":"https://openalex.org/C2776748549","wikidata":"https://www.wikidata.org/wiki/Q201610","display_name":"Status quo","level":2,"score":0.9765948057174683},{"id":"https://openalex.org/C136566586","wikidata":"https://www.wikidata.org/wiki/Q29598","display_name":"Status quo bias","level":3,"score":0.9631102085113525},{"id":"https://openalex.org/C169087156","wikidata":"https://www.wikidata.org/wiki/Q2131593","display_name":"Framing (construction)","level":2,"score":0.6811489462852478},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.594634473323822},{"id":"https://openalex.org/C136714292","wikidata":"https://www.wikidata.org/wiki/Q1440683","display_name":"Framing effect","level":3,"score":0.4945342242717743},{"id":"https://openalex.org/C2776035688","wikidata":"https://www.wikidata.org/wiki/Q1606558","display_name":"Affect (linguistics)","level":2,"score":0.43469375371932983},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.4174203872680664},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.36433881521224976},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.33171015977859497},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.29211586713790894},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.2804756462574005},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.23345011472702026},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C2781310500","wikidata":"https://www.wikidata.org/wiki/Q1231428","display_name":"Persuasion","level":2,"score":0.0},{"id":"https://openalex.org/C46312422","wikidata":"https://www.wikidata.org/wiki/Q11024","display_name":"Communication","level":1,"score":0.0},{"id":"https://openalex.org/C66938386","wikidata":"https://www.wikidata.org/wiki/Q633538","display_name":"Structural engineering","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/icmse.2009.5317941","doi":"https://doi.org/10.1109/icmse.2009.5317941","is_oa":false,"landing_page_url":"https://doi.org/10.1109/icmse.2009.5317941","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2009 International Conference on Management Science and Engineering","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions","score":0.7599999904632568}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W158727920","https://openalex.org/W1832381054","https://openalex.org/W1839645411","https://openalex.org/W1956498302","https://openalex.org/W1965985443","https://openalex.org/W1974057673","https://openalex.org/W1974075959","https://openalex.org/W1983322110","https://openalex.org/W1984871604","https://openalex.org/W1990969594","https://openalex.org/W1997680043","https://openalex.org/W2012772310","https://openalex.org/W2030874315","https://openalex.org/W2040689732","https://openalex.org/W2043787485","https://openalex.org/W2054679263","https://openalex.org/W2070569374","https://openalex.org/W2077596774","https://openalex.org/W2091984026","https://openalex.org/W2092651742","https://openalex.org/W2104420793","https://openalex.org/W2121850390","https://openalex.org/W2165893637","https://openalex.org/W2183803062","https://openalex.org/W2262420275","https://openalex.org/W2890473091","https://openalex.org/W3121229766","https://openalex.org/W4292157289","https://openalex.org/W4293163941"],"related_works":["https://openalex.org/W1990275582","https://openalex.org/W4388535316","https://openalex.org/W2187782641","https://openalex.org/W3133850847","https://openalex.org/W4385288070","https://openalex.org/W4313904987","https://openalex.org/W2347342831","https://openalex.org/W3005884512","https://openalex.org/W1991749664","https://openalex.org/W2069817288"],"abstract_inverted_index":{"Status":[0],"quo":[1,37,49,64,89,114,129,140,162],"bias":[2,50,65,90,115,130,141,163],"is":[3,99,112,131,142,151,168],"an":[4],"important":[5,32],"factor":[6],"which":[7,34],"affects":[8],"investors'":[9],"decision-making.":[10],"The":[11,82,86,144,158],"existing":[12,41],"research":[13],"on":[14,61],"this":[15],"issue":[16],"only":[17],"considers":[18],"Prospects":[19],"Theory.":[20],"In":[21,123],"fact,":[22],"framing":[23,71],"effect,":[24,72],"investor":[25,73,87],"sentiment":[26,74],"and":[27,75,133],"information":[28,76],"structure":[29,77],"are":[30,43],"also":[31],"variables":[33],"affect":[35],"status":[36,48,63,88,113,128,139,161,174],"bias.":[38],"But":[39],"the":[40,52,59,67,79,92,96,104,108,119,124,135,148],"papers":[42],"less":[44],"involved":[45],"to":[46],"study":[47],"from":[51,66],"three":[53,68,120],"aspects":[54,69],"above.":[55],"This":[56],"paper":[57],"researches":[58],"impact":[60],"investors":[62,117,127,138],"of":[70,95,107,116,146,160],"in":[78,91,103,118,134,164,172],"experimental":[80],"method.":[81],"results":[83],"show":[84],"that:":[85],"margined":[93],"frame":[94,106],"investment":[97],"portfolio":[98],"higher":[100,169],"than":[101,170],"that":[102,154,171],"ratio":[105],"investable":[109],"portfolio.":[110],"There":[111],"emotions":[121,126,137],"conditions.":[122],"positive":[125],"lower":[132],"negative":[136],"higher.":[143],"amount":[145],"choose":[147,155],"determined":[149],"probability":[150],"five":[152],"times":[153],"uncertainty":[156],"probability.":[157],"level":[159],"self-status":[165],"assignment":[166,175],"group":[167],"external":[173],"group.":[176]},"counts_by_year":[{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}