{"id":"https://openalex.org/W2102894034","doi":"https://doi.org/10.1111/j.1745-6606.2010.01162.x","title":"Consumer Biases and Competences in Company Stock Holdings","display_name":"Consumer Biases and Competences in Company Stock Holdings","publication_year":2010,"publication_date":"2010-03-01","ids":{"openalex":"https://openalex.org/W2102894034","doi":"https://doi.org/10.1111/j.1745-6606.2010.01162.x","mag":"2102894034"},"language":"en","primary_location":{"id":"doi:10.1111/j.1745-6606.2010.01162.x","doi":"https://doi.org/10.1111/j.1745-6606.2010.01162.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1745-6606.2010.01162.x","pdf_url":null,"source":{"id":"https://openalex.org/S189751245","display_name":"Journal of Consumer Affairs","issn_l":"0022-0078","issn":["0022-0078","1745-6606"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Consumer Affairs","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://digitalcommons.uri.edu/hdf_facpubs/174","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5043597757","display_name":"Christine W. Lai","orcid":"https://orcid.org/0000-0002-3115-1296","observed_orcids":["https://orcid.org/0000-0002-3115-1296"]},"institutions":[{"id":"https://openalex.org/I99908691","display_name":"Yuan Ze University","ror":"https://ror.org/01fv1ds98","country_code":"TW","type":"education","lineage":["https://openalex.org/I99908691"]}],"countries":["TW"],"is_corresponding":true,"raw_author_name":"CHRISTINE W. LAI","raw_affiliation_strings":["Christine W. Lai ( lai@saturn.yzu.edu.tw ) is an Associate Professor of Finance in the College of Management, Yuan Ze University, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Christine W. Lai ( lai@saturn.yzu.edu.tw ) is an Associate Professor of Finance in the College of Management, Yuan Ze University, Taiwan","institution_ids":["https://openalex.org/I99908691"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5054879126","display_name":"Jing Jian Xiao","orcid":"https://orcid.org/0000-0003-3252-5672","observed_orcids":["https://orcid.org/0000-0003-3252-5672"]},"institutions":[{"id":"https://openalex.org/I17626003","display_name":"University of Rhode Island","ror":"https://ror.org/013ckk937","country_code":"US","type":"education","lineage":["https://openalex.org/I17626003"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"JING JIAN XIAO","raw_affiliation_strings":["Jing Jian Xiao ( jfei.editor@gmail.com ) is a Professor of Consumer Economics in the Department of Human Development and Family Studies at the University of Rhode Island"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Jing Jian Xiao ( jfei.editor@gmail.com ) is a Professor of Consumer Economics in the Department of Human Development and Family Studies at the University of Rhode Island","institution_ids":["https://openalex.org/I17626003"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5043597757","https://openalex.org/A5054879126"],"corresponding_institution_ids":["https://openalex.org/I17626003","https://openalex.org/I99908691"],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.29099932,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"44","issue":"1","first_page":"179","last_page":"212"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.8661999702453613,"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/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.8661999702453613,"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.053199999034404755,"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/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.05180000141263008,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/consumer-competence","display_name":"consumer competence","score":0.703000009059906},{"id":"https://openalex.org/keywords/home-bias","display_name":"home bias","score":0.8190000057220459},{"id":"https://openalex.org/keywords/mere-exposure-effect","display_name":"mere exposure effect","score":0.9990000128746033},{"id":"https://openalex.org/keywords/behavioral-economics","display_name":"behavioral economics","score":0.6930000185966492},{"id":"https://openalex.org/keywords/investment-decisions","display_name":"investment decision-making","score":0.6129999756813049},{"id":"https://openalex.org/keywords/household-portfolios","display_name":"household portfolios","score":0.3869999945163727}],"concepts":[{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.652922511100769},{"id":"https://openalex.org/C100521375","wikidata":"https://www.wikidata.org/wiki/Q2015382","display_name":"Competence (human resources)","level":2,"score":0.6065189242362976},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.5385639667510986},{"id":"https://openalex.org/C2778865806","wikidata":"https://www.wikidata.org/wiki/Q6060850","display_name":"Investment decisions","level":3,"score":0.5094450116157532},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4780769348144531},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4633626639842987},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.40913549065589905},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2526378631591797},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.08496043086051941},{"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/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/j.1745-6606.2010.01162.x","doi":"https://doi.org/10.1111/j.1745-6606.2010.01162.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1745-6606.2010.01162.x","pdf_url":null,"source":{"id":"https://openalex.org/S189751245","display_name":"Journal of Consumer Affairs","issn_l":"0022-0078","issn":["0022-0078","1745-6606"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Consumer Affairs","raw_type":"journal-article"},{"id":"pmh:oai:digitalcommons.uri.edu:hdf_facpubs-1173","doi":null,"is_oa":true,"landing_page_url":"https://digitalcommons.uri.edu/hdf_facpubs/174","pdf_url":null,"source":{"id":"https://openalex.org/S2764761010","display_name":"Journal of Media Literacy Education","issn_l":"2167-8715","issn":["2167-8715"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-20","russia-white-list-4","vabb-shw"],"host_organization":"https://openalex.org/P4310316378","host_organization_name":"National Association for Media Literacy Education","host_organization_lineage":["https://openalex.org/P4310316378"],"host_organization_lineage_names":["National Association for Media Literacy Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Human Development and Family Science Faculty Publications","raw_type":"text"}],"best_oa_location":{"id":"pmh:oai:digitalcommons.uri.edu:hdf_facpubs-1173","doi":null,"is_oa":true,"landing_page_url":"https://digitalcommons.uri.edu/hdf_facpubs/174","pdf_url":null,"source":{"id":"https://openalex.org/S2764761010","display_name":"Journal of Media Literacy Education","issn_l":"2167-8715","issn":["2167-8715"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-20","russia-white-list-4","vabb-shw"],"host_organization":"https://openalex.org/P4310316378","host_organization_name":"National Association for Media Literacy Education","host_organization_lineage":["https://openalex.org/P4310316378"],"host_organization_lineage_names":["National Association for Media Literacy Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Human Development and Family Science Faculty Publications","raw_type":"text"},"sustainable_development_goals":[],"study_designs":[{"id":"https://openalex.org/study-designs/observational-study","display_name":"Observational Study"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":42,"referenced_works":["https://openalex.org/W261014084","https://openalex.org/W1492494577","https://openalex.org/W1508294398","https://openalex.org/W1531269222","https://openalex.org/W1538895470","https://openalex.org/W1549162356","https://openalex.org/W1572167168","https://openalex.org/W1990969594","https://openalex.org/W2005512101","https://openalex.org/W2016730140","https://openalex.org/W2017211257","https://openalex.org/W2021186381","https://openalex.org/W2023023761","https://openalex.org/W2046707233","https://openalex.org/W2058092048","https://openalex.org/W2060989260","https://openalex.org/W2068409880","https://openalex.org/W2081717017","https://openalex.org/W2084976085","https://openalex.org/W2096648510","https://openalex.org/W2098609488","https://openalex.org/W2112170123","https://openalex.org/W2117449834","https://openalex.org/W2120646818","https://openalex.org/W2122120003","https://openalex.org/W2130460307","https://openalex.org/W2134235713","https://openalex.org/W2135749726","https://openalex.org/W2135979912","https://openalex.org/W2144810549","https://openalex.org/W2155369257","https://openalex.org/W2156545174","https://openalex.org/W2158605479","https://openalex.org/W2480719262","https://openalex.org/W2889881145","https://openalex.org/W2918109823","https://openalex.org/W3023582314","https://openalex.org/W3121626680","https://openalex.org/W3122935004","https://openalex.org/W3123503769","https://openalex.org/W4240480823","https://openalex.org/W4253101249"],"related_works":["https://openalex.org/W4410184211","https://openalex.org/W6990127850","https://openalex.org/W4379549159","https://openalex.org/W2173701680","https://openalex.org/W3154711276","https://openalex.org/W3123996159","https://openalex.org/W2786963493","https://openalex.org/W7018605127","https://openalex.org/W7160171257","https://openalex.org/W4403840767"],"abstract_inverted_index":{"Consumers":[0,33],"may":[1,39],"make":[2,46],"inefficient":[3],"investment":[4,48],"decisions":[5],"in":[6],"holding":[7],"their":[8],"own\u2010company":[9],"stocks":[10],"because":[11],"of":[12,19,37,58,65,74,82],"several":[13],"biases":[14,44,67],"documented":[15],"by":[16],"the":[17,53,63,66,80],"literature":[18],"behavioral":[20],"economics,":[21],"such":[22],"as":[23],"company":[24],"stock":[25],"bias,":[26,28],"home":[27],"and":[29,45,55,68],"mere":[30],"exposure":[31],"effect.":[32],"with":[34],"high":[35],"levels":[36],"competences":[38],"be":[40],"likely":[41],"to":[42],"overcome":[43],"effective":[47],"decisions.":[49],"Using":[50],"data":[51],"from":[52],"2004":[54],"2007":[56],"Surveys":[57],"Consumer":[59],"Finances,":[60],"evidence":[61],"suggests":[62],"existence":[64],"competences,":[69],"whereas":[70],"a":[71],"higher":[72],"level":[73],"consumer":[75,83],"competence":[76],"can":[77],"partially":[78],"offset":[79],"influence":[81],"biases.":[84]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}