{"id":10316,"date":"2020-07-07T12:28:13","date_gmt":"2020-07-07T11:28:13","guid":{"rendered":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/?p=10316"},"modified":"2020-07-09T09:24:37","modified_gmt":"2020-07-09T08:24:37","slug":"celebrating-success-professor-darren-duxbury-2","status":"publish","type":"post","link":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/2020\/07\/07\/celebrating-success-professor-darren-duxbury-2\/","title":{"rendered":"Celebrating Success: Professor Darren Duxbury"},"content":{"rendered":"<p>Professor Darren Duxbury is quoted and his research features in a Risk.net piece examining recent advances in behavioural finance in the search for an edge in investing.\u00a0 Drawing directly on Professor Duxbury\u2019s research the article notes:\u00a0 \u201cOne study<sup>1\u00a0<\/sup>found that investors tend to follow the market when buying but take a contrarian view when selling. Another<sup>2<\/sup> showed the win-taking, loss-chasing \u201cdisposition effect\u201d can be countered, in part, by the \u201chouse money\u201d effect in which investors take more risk when on a roll.\u201d\u00a0 Professor Duxbury is quoted in the article as saying, \u201cWhile conventional wisdom sees cognitive biases as detrimental, evidence shows this need not always be the case, particularly when multiple biases may be at play.\u201d<\/p>\n<p>The two papers by Professor Duxbury referred to in the Risk.net piece are:<\/p>\n<p>Duxbury, D., Hudson, R., Keasey, K., Yang, Z., &amp; Yao, S. (2015). Do the disposition and house money effects coexist? A reconciliation of two behavioral biases using individual investor-level data.\u00a0<em>Journal of International Financial Markets, Institutions and Money<\/em>,\u00a0<em>34<\/em>, 55-68. <a href=\"https:\/\/doi.org\/10.1016\/j.intfin.2014.11.004\">https:\/\/doi.org\/10.1016\/j.intfin.2014.11.004<\/a><\/p>\n<p>Duxbury, D., &amp; Yao, S. (2017). Are investors consistent in their trading strategies? An examination of individual investor-level data.\u00a0<em>International Review of Financial Analysis<\/em>,\u00a0<em>52<\/em>, 77-87. <a href=\"https:\/\/doi.org\/10.1016\/j.irfa.2017.05.001\">https:\/\/doi.org\/10.1016\/j.irfa.2017.05.001<\/a><\/p>\n<p>The Risk.net article is available\u00a0<a href=\"https:\/\/www.risk.net\/investing\/7649626\/the-scientists-probing-the-human-mind-for-an-investing-edge\">here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professor Darren Duxbury is quoted and his research features in a Risk.net piece examining recent advances in behavioural finance in the search for an edge&#8230; <br \/><a href=\"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/2020\/07\/07\/celebrating-success-professor-darren-duxbury-2\/\" rel=\"bookmark\"><strong>Read more<\/strong><\/a><\/p>\n","protected":false},"author":3560,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-10316","post","type-post","status-publish","format-standard","hentry","category-research"],"acf":[],"_links":{"self":[{"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/posts\/10316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/users\/3560"}],"replies":[{"embeddable":true,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/comments?post=10316"}],"version-history":[{"count":6,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/posts\/10316\/revisions"}],"predecessor-version":[{"id":10334,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/posts\/10316\/revisions\/10334"}],"wp:attachment":[{"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/media?parent=10316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/categories?post=10316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/tags?post=10316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}