Hongqi Liu|Cameron Peng|Wei Xiong|Wei Xiong
Taming the bias zoo
success behavioral economics led new challenge many biases offer observationally similar predictions targeted financial anomaly tame bias zoo combine subjective survey responses observational data propose new approach one robust questionspecific biases introduced surveys illustrate approach administering nationwide survey chinese retail investors elicit trading motives crosssectional regressions respondents actual turnover surveybased trading motives perceived information advantage gambling preference dominate motives though prevalent biases based survey responses