Wan-Fei Lai UCSI University   Institute of Actuarial Science and Data Analytics UCSI University Kuala Lumpur, 56000 Malaysia   jefflai@ucsiuniversity.edu.my   https://www.ucsiuniversity.edu.my/assistant-professor-jeff-lai-wan-fei           JEL Areas: G1 : General Financial Markets: General (includes Measurement and Data) M2 : Business Economics: General