MIT Study Finds Older Men Are More Likely to Panic Sell Stocks
- Researchers screen for demographic trends in trading data
- The results could help create models to predict panic selling
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Researchers at the Massachusetts Institute of Technology are diving into the demographics of people that panic sell stocks during a market crash.
Investors who are male, over the age of 45, married or consider themselves as having “excellent investment experience” are more likely to “freak out” and dump their portfolio during a downturn, according to a paper published last month that analyzed more than 600,000 brokerage accounts.