Investor type Customer relationship management Financial Literacy Financial Literacy Research Objectives 1. Clustering Thai investor types based on their investment portfolio allocation. 2. Investigates the

Statistics, NIDA This research aims at clustering Thai investor based on their behavior. Specifically, Thai investors are classified into three clusters using investment proportions (Proportions of their money

problem – an exclusion of fixed effects – clustering standard errors 6/29/2015 18 Empirical Results – Q1 6/29/2015 19 Empirical Results – Q1 6/29/2015 20 Empirical Results – Q1 6/29/2015 21 Empirical Test