Understanding investment expertise and factors that influence the information processing and performance of investment experts

Kinsun Tam; James L. Bierstaker; Inshik Seol

doi:10.1016/S1475-1488(06)09005-3

Understanding investment expertise and factors that influence the information processing and performance of investment experts

Kinsun Tam
, James L. Bierstaker
, Inshik Seol

Accounting and Law

University at Albany

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

4 Scopus citations

Abstract

To investigate the nature of investment expertise and factors affecting the information processing and performance of investment experts, this paper hypothesizes normative characteristics of investment expertise and compares such characteristics with actual characteristics documented in prior literature on the investment expert. Based on collective evidence from these sources, a model of investment expertise is proposed. Results support the existence of investment expertise in (1) the nature of knowledge, (2) problem solving and information search, and (3) performance. A variety of factors that could influence the information processing and performance of the investment expert, including personal, cognitive, and contextual elements, are also discussed in the paper and included in the proposed model of investment expertise.

Original language	English
Title of host publication	Advances in Accounting Behavioral Research
Editors	Vicky Arnold, Douglas Clinton, Peter Luckett, Robin Roberts, Chris Wolfe, Sally Wright
Pages	113-156
Number of pages	44
DOIs	https://doi.org/10.1016/S1475-1488(06)09005-3
State	Published - 2006

Publication series

Name	Advances in Accounting Behavioral Research
Volume	9

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10.1016/S1475-1488(06)09005-3

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Tam, K., Bierstaker, J. L., & Seol, I. (2006). Understanding investment expertise and factors that influence the information processing and performance of investment experts. In V. Arnold, D. Clinton, P. Luckett, R. Roberts, C. Wolfe, & S. Wright (Eds.), Advances in Accounting Behavioral Research (pp. 113-156). (Advances in Accounting Behavioral Research; Vol. 9). https://doi.org/10.1016/S1475-1488(06)09005-3

Tam, Kinsun ; Bierstaker, James L. ; Seol, Inshik. / Understanding investment expertise and factors that influence the information processing and performance of investment experts. Advances in Accounting Behavioral Research. editor / Vicky Arnold ; Douglas Clinton ; Peter Luckett ; Robin Roberts ; Chris Wolfe ; Sally Wright. 2006. pp. 113-156 (Advances in Accounting Behavioral Research).

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title = "Understanding investment expertise and factors that influence the information processing and performance of investment experts",

abstract = "To investigate the nature of investment expertise and factors affecting the information processing and performance of investment experts, this paper hypothesizes normative characteristics of investment expertise and compares such characteristics with actual characteristics documented in prior literature on the investment expert. Based on collective evidence from these sources, a model of investment expertise is proposed. Results support the existence of investment expertise in (1) the nature of knowledge, (2) problem solving and information search, and (3) performance. A variety of factors that could influence the information processing and performance of the investment expert, including personal, cognitive, and contextual elements, are also discussed in the paper and included in the proposed model of investment expertise.",

author = "Kinsun Tam and Bierstaker, \{James L.\} and Inshik Seol",

year = "2006",

doi = "10.1016/S1475-1488(06)09005-3",

language = "English",

isbn = "0762313536",

series = "Advances in Accounting Behavioral Research",

pages = "113--156",

editor = "Vicky Arnold and Douglas Clinton and Peter Luckett and Robin Roberts and Chris Wolfe and Sally Wright",

booktitle = "Advances in Accounting Behavioral Research",

}

Tam, K, Bierstaker, JL & Seol, I 2006, Understanding investment expertise and factors that influence the information processing and performance of investment experts. in V Arnold, D Clinton, P Luckett, R Roberts, C Wolfe & S Wright (eds), Advances in Accounting Behavioral Research. Advances in Accounting Behavioral Research, vol. 9, pp. 113-156. https://doi.org/10.1016/S1475-1488(06)09005-3

Understanding investment expertise and factors that influence the information processing and performance of investment experts. / Tam, Kinsun; Bierstaker, James L.; Seol, Inshik.
Advances in Accounting Behavioral Research. ed. / Vicky Arnold; Douglas Clinton; Peter Luckett; Robin Roberts; Chris Wolfe; Sally Wright. 2006. p. 113-156 (Advances in Accounting Behavioral Research; Vol. 9).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

TY - CHAP

T1 - Understanding investment expertise and factors that influence the information processing and performance of investment experts

AU - Tam, Kinsun

AU - Bierstaker, James L.

AU - Seol, Inshik

PY - 2006

Y1 - 2006

N2 - To investigate the nature of investment expertise and factors affecting the information processing and performance of investment experts, this paper hypothesizes normative characteristics of investment expertise and compares such characteristics with actual characteristics documented in prior literature on the investment expert. Based on collective evidence from these sources, a model of investment expertise is proposed. Results support the existence of investment expertise in (1) the nature of knowledge, (2) problem solving and information search, and (3) performance. A variety of factors that could influence the information processing and performance of the investment expert, including personal, cognitive, and contextual elements, are also discussed in the paper and included in the proposed model of investment expertise.

AB - To investigate the nature of investment expertise and factors affecting the information processing and performance of investment experts, this paper hypothesizes normative characteristics of investment expertise and compares such characteristics with actual characteristics documented in prior literature on the investment expert. Based on collective evidence from these sources, a model of investment expertise is proposed. Results support the existence of investment expertise in (1) the nature of knowledge, (2) problem solving and information search, and (3) performance. A variety of factors that could influence the information processing and performance of the investment expert, including personal, cognitive, and contextual elements, are also discussed in the paper and included in the proposed model of investment expertise.

UR - https://www.scopus.com/pages/publications/33747343731

U2 - 10.1016/S1475-1488(06)09005-3

DO - 10.1016/S1475-1488(06)09005-3

M3 - Chapter

SN - 0762313536

SN - 9780762313532

T3 - Advances in Accounting Behavioral Research

SP - 113

EP - 156

BT - Advances in Accounting Behavioral Research

A2 - Arnold, Vicky

A2 - Clinton, Douglas

A2 - Luckett, Peter

A2 - Roberts, Robin

A2 - Wolfe, Chris

A2 - Wright, Sally

ER -

Tam K, Bierstaker JL, Seol I. Understanding investment expertise and factors that influence the information processing and performance of investment experts. In Arnold V, Clinton D, Luckett P, Roberts R, Wolfe C, Wright S, editors, Advances in Accounting Behavioral Research. 2006. p. 113-156. (Advances in Accounting Behavioral Research). doi: 10.1016/S1475-1488(06)09005-3

Understanding investment expertise and factors that influence the information processing and performance of investment experts

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