Research

Research interests

Behavioral Finance, Stochastic Dominance, Causality, Portfolio Optimization, Decision Theory

Selected publications

1. Menkveld, A. J., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., ... & Khomyn, M. K. (2024). Nonstandard errors. The Journal of Finance, 79(3), 2339-2390.

2. Chan, R. H., Chow, S. C., Guo, X., & Wong, W. K. (2022). Central moments, stochastic dominance, moment rule, and diversification with an application. Chaos, Solitons & Fractals, 161, 112251.

3. Chow, N. S. C., Valenzuela, M. R., & Wong, W. K. (2022). New tests for richness and poorness: a stochastic dominance analysis of income distributions in Hong Kong. Asia-Pacific Journal of Operational Research, 39(04), 2040025.

4. Chui, D., Cheng, W. W., Chow, S. C., & Ya, L. I. (2020). Eastern Halloween effect: A stochastic dominance approach. Journal of International Financial Markets, Institutions and Money, 68, 101241. 

5. Chow, S. C., Vieito, J. P., & Wong, W. K. (2019). Do both demand-following and supply-leading theories hold true in developing countries?. Physica A: Statistical Mechanics and its Applications, 513, 536-554.

6. Chow, S. C., Cunado, J., Gupta, R., & Wong, W. K. (2018). Causal relationships between economic policy uncertainty and housing market returns in China and India: Evidence from linear and nonlinear panel and time series models. Studies in Nonlinear Dynamics & Econometrics, 22(2). 

My google scholar profile for the full list: https://scholar.google.com.au/citations?hl=en&user=aMsAH7kAAAAJ&view_op=list_works&sortby=pubdate

Projects in the final stage

1. Risk Measures and Portfolio Choices for Gain-Loss Dependent Objectives

2. When Sharpe Falls Short: The Omega Ratio's Stochastic Dominance Credentials 

with Richard Lu & Wing-Keung Wong

3. Support Theory for Gains and Losses 

with Han Bleichrodt, Simon Grant, & Jingni Yang

4. Do ESG Funds Have Skill? A Stochastic Dominance Approach

with Ya Li, Bo Guan, & Arman Eshraghi

5. Asset Portfolio Optimization Uncovered: Insights from 488 Studies on Methodologies and Market Dynamics

with Rishana VP, T Mohamed Nishad, & Adrian Wai-Kong Cheung 

6. Which Factors suffer more from Omitted Variable Bias?

with Adrian Wai-Kong Cheung

7. Market Integration, Ambiguity, and Expected Returns: Evidence from the Stock Connect in China

with Jianhua Mei

8. Why Spectral Risk Measures Cannot Characterize Third-Degree Stochastic Dominance

Projects in progress

1. Attention and portfolio rebalancing 

with Timothy Kam

2. Utilizing Causal Discovery Method to Uncover Informational Characteristics related to Average Monthly Stock Returns

 with Jianhua Mei, & Thomas Tao Yang

3. Default Options in Decision-Making under Imprecise Information

with Chien Yeh

4. Theory of Choice: Psychology and Economics

with Simon Grant, & Ralf Steinhauser