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Corporate Governance as Moral Psychology
Palmiter, Alan R. - 2017
: corporate governance is best seen not as a subset of economics or even law, but instead as a subset of moral psychology. Recent … research in the nascent field of moral psychology suggests that we humans are not rational beings, particularly when we act in … veneer of rationality, to reassure ourselves of our own moral integrity and to signal our moral values to like-minded others …
Persistent link: https://www.econbiz.de/10012956978
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Acquisition Risk and Psychology
Cai, Ye - 2016
This paper investigates how the combination of preferences and biases impact the risk-value profile of acquiring firms. We find strong evidence that prior losses impact acquisition risk as firms with negative prior returns are more prone to become acquirers and make value destructive...
Persistent link: https://www.econbiz.de/10012981708
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The Biological Psychological Socionomic Continuum
Mir, Muhammad Hanaf - 2022
Neoclassical Economics and the Efficient Market Hypothesis (EMH) along with all its types have been a go to for investors since decades but why do almost all speculators tend to lose money while making their financial decisions? Stock market is the most vulnerable place towards uncertainty and...
Persistent link: https://www.econbiz.de/10013307313
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Psychological Bias as a Driver of Financial Regulation
Hirshleifer, David A. - 2023
I propose here the psychological attraction theory of financial regulation—that regulation is the result of psychological biases on the part of political participants—voters, politicians, bureaucrats, and media commentators; and of regulatory ideologies that exploit these biases. Some key...
Persistent link: https://www.econbiz.de/10014255647
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Drought Readiness and Anxiety of new and experienced Indian Farmers
Raval, Vishvesh; Vyas, Khyati - Volkswirtschaftliche Fakultät, … - 2013
Indian Farmers continue to suffer regularly from Droughts, as a frequent natural disaster and has profound effect individually and collectively. The mental health effects of natural disaster are well known however anxiety and readiness of likely Drought is less well understood. However, in...
Persistent link: https://www.econbiz.de/10011111140
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What Does Matter in Economy Today : Between Rationality and Animal Spirits
Dhaoui, Abderrazak - 2011
. Using a data for five international capital markets in developed countries we find that the hypothesis of rationality losses …
Persistent link: https://www.econbiz.de/10013118228
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Rational or Irrational? A Comprehensive Studies on Stock Market Crashes
Ma, Tai - 2017
This study attempts to illustrate the contributing factors for different patterns of crashes. In addition to the fundamental macro-economic factors, this paper argues that the existence of herding behavior as well as the level of investor attention are also important factors affecting the...
Persistent link: https://www.econbiz.de/10012953849
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Affective Utilities : A Rational Theory of Optimistic Bias in Asset Markets
Bracha, Anat - 2014
The equilibrium prices in asset markets, as stated by Keynes (1930): "...will be fixed at the point at which the sales of the bears and the purchases of the bulls are balanced." We propose a descriptive theory of finance explicating Keynes' claim that the prices of assets today equilibrate the...
Persistent link: https://www.econbiz.de/10013051869
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The Index Fund Rationality Paradox and Categorical Thinking
Tarassov, Evgeni - 2018
index fund rationality paradox. The experiment, conducted among first generation High Net Worth Individuals (HNWI) and …
Persistent link: https://www.econbiz.de/10012935006
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Rationalizing Investors Choice
Bernard, Carole - 2015
Assuming that agents' preferences satisfy first-order stochastic dominance, we show how the Expected Utility paradigm can rationalize all optimal investment choices: the optimal investment strategy in any behavioral law-invariant (state-independent) setting corresponds to the optimum for an...
Persistent link: https://www.econbiz.de/10013034282