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successes and external attribution of failures (i.e., Self-Serving Bias, SSB) that are usually led by the strong belief of …
Persistent link: https://www.econbiz.de/10012271539
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ex post to be more forseeable then they actually were. This so-called Hindsight Bias occurs even within expert, including …. Dieser sogenannte Rückschaufehler bzw. "Hindsight Bias" tritt auf bei Experten, inklusive Richtern, auf. …
Persistent link: https://www.econbiz.de/10010375136
High sentiment predicts low market returns and high arbitrage returns. This empirical evidence has important implications for portfolio optimization. Exploiting the eigenvalue-decomposition of the mean-variance portfolio, I show that its performance is the sum of two components: a market...
Persistent link: https://www.econbiz.de/10012839917
We develop a behavioral theory of real options that relaxes the informational and behavioral assumptions underlying … applications of financial options theory to real assets. To do so, we augment real option theory's focus on uncertain future asset … values (prospective uncertainty) with feedback learning theory that considers uncertain current asset values (contemporaneous …
Persistent link: https://www.econbiz.de/10012856401
experimentally test three competing theories of GF and HHF: probability bias, randomized choice, and bounded rationality. We find … the classical method suggests about 51% (48%). We show that probability bias, randomized choice, and bounded rationality …
Persistent link: https://www.econbiz.de/10012859406
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We propose a broadly applicable empirical approach to classify individuals as timeconsistent versus na¨ıve or sophisticated regarding their self-control limitations. Operationalizing our approach based on nationally representative data reveals that self-control problems are pervasive and that...
Persistent link: https://www.econbiz.de/10012590741
We propose a broadly applicable empirical approach to classify individuals as time-consistent versus naïve or sophisticated regarding their self-control limitations. Operationalizing our approach based on nationally representative data reveals that self-control problems are pervasive and that...
Persistent link: https://www.econbiz.de/10012600894
Persistent link: https://www.econbiz.de/10012298379