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Older men are more likely to panic sell stocks: MIT study

Bloomberg
Bloomberg9/28/2021 08:02 PM GMT+08  • 2 min read
 Older men are more likely to panic sell stocks: MIT study
Men, above 45, married, or self-styled as having “excellent investment experience” are more likely to “freak out".
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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.

The researchers say their work can be used to create predictive models, which would help identify individuals at risk of panic selling.

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