Wealthy individual investors and stock markets’ tail risk

• He Yu ,

  Roles Conceptualization, Data curation, Formal analysis, Funding acquisition, Methodology, Software, Validation, Writing – original draft

  * E-mail: heyu1021@live.com (YH); hu.yang@cufe.edu.cn (HY)

  Affiliations School of Finance, Zhejiang University of Finance and Economics, Hangzhou, China, School of Finance, Shanghai University of Finance and Economics, Shanghai, China

  https://orcid.org/0000-0002-1671-4134

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• Rong Lu,

  Roles Conceptualization, Funding acquisition, Resources, Supervision

  Affiliation School of Finance, Shanghai University of Finance and Economics, Shanghai, China

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• Hu Yang ,

  Roles Formal analysis, Supervision, Validation, Writing – review & editing

  * E-mail: heyu1021@live.com (YH); hu.yang@cufe.edu.cn (HY)

  Affiliation School of Information, Central University of Finance and Economics, Beijing, China

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• Bin Zhang

  Roles Data curation, Investigation, Methodology, Software, Visualization

  Affiliation School of Finance, Shanghai University of Finance and Economics, Shanghai, China

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