combining myopia and loss aversion. Complementing the behavioral theory is evidence from laboratory experiments, which provide … underlie behaviors of traders in their natural domain remains unknown. Indeed, a necessary condition for the MLA theory to …-by-minute trading observations from over 864,000 price realizations in a natural field experiment, we find data patterns consonant with …

as collateral. Using a field experiment in Kenya, we show that borrowers instead strongly prefer loans collateralized …

)). We investigate whether this "competence effect" influences trading frequency and home bias. We find that investors who …

In this paper, we find that home bias is still present in all economies and regions, especially in the case of short …-term debt securities, but that there are substantial variations among economies and regions in the strength of home bias, with … the Eurozone economies, the US, and developing Asia showing relatively weak home bias and advanced Asia, especially Japan …

analysis suggests that NBD substantially reduces investor welfare. These findings suggest that behavioral finance theory should …

assign a causal role for proximity, either in generating an informational advantage or a familiarity bias. Empirical analyses … for selection significantly reduces local bias and the performance of local stock picks …

We study loss aversion in majority voting. First, we show a status quo bias. Second, loss aversion implies a moderating …; however, in the presence of a projection bias, majorities are partially unable to understand how fast they will adapt. Fourth …