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  • An empirical study of the s...
    Wan, Yun; Yang, Xiaoguang

    The Journal of finance and data science, 06/2019, Volume: 5, Issue: 2
    Journal Article

    We analyzed data collected from retail investors in the Chinese stock market from a Fintech mobile platform to find evidence of the self-fulfilling prophecy effect. We found a statistically significant correlation between the predicted and actual Shanghai Stock Exchange Composite Index (SSECI) as well as non-random deviation patterns. We also analyzed participating investor behaviors and discussed the implications and future research. Keywords: Stock market index, Prediction, Self-fulfilling prophecy effect, Fintech