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paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …
Persistent link: https://www.econbiz.de/10005739678
When investment is repeated, previous outcomes (winning/losing) as well as the current budget level (gain/loss domain … experiments initially conducted to investigate myopic-loss-aversion. We observe that investment is related to the number of … analysis is extended to settings with restricted flexibility concerning investment. …
Persistent link: https://www.econbiz.de/10005039981
’s interest in controlling who receives their private information. Participants of an experiment face the decision to share …
Persistent link: https://www.econbiz.de/10011210884
risk aversion was implemented in a sample of former participants of the asset market experiment (32 persons). The presented …In this paper influence of behavioral factors (overconfidence and risk aversion) on financial decision making of … economic subjects is analyzed. For this purpose two kinds of experiments were conducted: asset market and risk aversion …
Persistent link: https://www.econbiz.de/10008694158
We present a new model of forward dynamic utilities. In doing so, we provide unique (viscosity) solutions. In addition, we introduce Hausdorff-continuous viscosity solutions to the portfolio model.
Persistent link: https://www.econbiz.de/10008633344
social dilemmas. We subject our model to data from an experimental public goods game and a risk experiment, and we measure …We develop a model relating self-control, risk preferences and conflict identification to cooperation patterns in … cooperation, and the association is weaker for more risk-averse individuals. Free riders differ from other contributor types only …
Persistent link: https://www.econbiz.de/10009493827
In this paper we show that the wildly popular Holt and Laury (2002) risk preference elicitation method confounds … estimates of the curvature of the utility function, the traditional notion of risk preference, with an estimate of the extent to … confound while preserving the simplicity of the method which has made it so popular. Data from a laboratory experiment shows …
Persistent link: https://www.econbiz.de/10011107621
Despite the fact that conceptual models of individual decision making under risk are deterministic, attempts to … econometrically estimate risk preferences require some assumption about the stochastic nature of choice. Unfortunately, the … inferences about structural risk preferences across the competing specifications. Overall, a mixture model combining the two …
Persistent link: https://www.econbiz.de/10011108341
. The second is where each one seeking to maximize his utility function is intuitively constrained to minimize the risk. The … means that can combine these two aims is a well-defined investment process. Through this paper work we tried to summarize … around 26 years of experience of a group of traders and investment advisors. What’s common to all of them is the definition …
Persistent link: https://www.econbiz.de/10011259003
Mutual Funds are the most common form of investment for the average household. They offer a fair amount of return for a … limited amount of risk. Segregated Funds, which are, simply put, mutual funds with additional features, have grown in … the advantages and disadvantages to each. By selecting 5 mutual and segregated funds of similar investment patterns and …
Persistent link: https://www.econbiz.de/10005621847