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Prior research provides only weak and controversial evidence that people overestimate the likelihood of desirable events (wishful thinking), but strong evidence that people bet more heavily on those events (wishful betting). Two experiments show that wishful betting contaminates beliefs in...
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fair value information better serves investors' needs, because it is more likely to facilitate the incorporation of the …-professional investors' processing of fair value information for liabilities. Design/methodology/approach – A between-subjects laboratory … experiment indicate that non-professional investors are less likely to acquire the information of credit risk changes when …
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) funds to retail investors and to analysis the plausibility of the claims made in regard to their performance, achievements … techniques to induce retail investors into investing in ESRI funds and that many of the claims made on behalf of ESRI investing … concern to regulators and retail investors. Originality/value – This is the first article that has linked the promotion and …
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a risky asset in a capital market populated by investors that choose mean-variance efficient portfolios. Design … homogeneous beliefs as the former is biased towards the beliefs of wealthier and/or more risk tolerant investors. If the latter … set of investors is optimistic (pessimistic), the value is higher (lower) than that which prevails in the absence of …
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