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Learning to Fail? Evidence from Frequent IPO Investors

Chiang, Yao-Min; Hirshleifer, David; Qian, Yiming; … - Volkswirtschaftliche Fakultät, … - 2009

We examine the effects of bidding experience on two groups of investors – individuals and institutions – in terms of their decisions to bid again and their bidding returns. Bidding histories are tracked for all 31,376 individual investors and 1,232 institutional investors across all 84 IPO...

Persistent link: https://www.econbiz.de/10005034357

Market Wide Liquidity Instability in Business Cycles

Chatterjee, Sidharta - Volkswirtschaftliche Fakultät, … - 2009

This paper deals with an existing question; does market liquidity disequilibrium leads to stock market bubble burst? Contemporary research has shown that liquidity is the key driving force behind capital market growth and its sustenance. Stock markets usually react to changes in market-wide...

Persistent link: https://www.econbiz.de/10008578214

Predictable markets? A news-driven model of the stock market

Gusev, Maxim; Kroujiline, Dimitri; Govorkov, Boris; … - Volkswirtschaftliche Fakultät, … - 2014

We attempt to explain stock market dynamics in terms of the interaction among three variables: market price, investor opinion and information flow. We propose a framework for such interaction and apply it to build a model of stock market dynamics which we study both empirically and...

Persistent link: https://www.econbiz.de/10011108097

Moral Behavior in Stock Markets: Islamic finance and socially responsible investment

Pitluck, Aaron Z. - Volkswirtschaftliche Fakultät, … - 2008

This paper addresses the puzzle of why the inclusion of non-financial social justice or religious criteria by professional fund managers has been so popular in Malaysia and yet has had to date relatively little influence in the United States stock market. Drawing from over 125 ethnographic...

Persistent link: https://www.econbiz.de/10005789952

Analiza inițiativelor de promovare a integrării financiare la nivelul Uniunii Economice și Monetare

Avadanei, Andreea - Volkswirtschaftliche Fakultät, … - 2011

The scope of the present paper is to point out the general relevant European policy initiatives designed to sustain financial integration within the Economic and Monetary Union((EMU) member states. We structured our research on two chapters, as follows: the first one studies the main barriers...

Persistent link: https://www.econbiz.de/10008924807

Do Women Have More Shame than Men? An Experiment on Self-Assessment and the Shame of Overestimating Oneself

Ludwig, Sandra; Thoma, Carmen - Volkswirtschaftliche Fakultät, … - 2012

We analyze how subjects’ self-assessment depends on whether its accuracy is observable to others. We find that women downgrade their selfassessment given observability while men do not. Women avoid the shame they may have if others observe that they overestimated themselves. Men, however, do...

Persistent link: https://www.econbiz.de/10011274508

Criza economică – un fenomen previzibil

Asavoaei, Alexandru - Volkswirtschaftliche Fakultät, … - 2012

The main aim of this paper is to emphasize the fact that the economic crisis are common phenomena. We aim to prove that these phenomena are not so unpredictable and surprising as some economists claim nowadays. We are trying to identify and disclose the pattern of a typical period of economic...

Persistent link: https://www.econbiz.de/10011258702

Stock market efficiency: Behavioral or traditional paradigm?Evidence from Karachi Stock Exchange (KSE) and investors community of Pakistan

Shahzad, Syed jawad hussain; Ali, Paeman; Saleem, Fawad; … - Volkswirtschaftliche Fakultät, … - 2013

with the behavioral biases like overconfidence, regret, pyramid and risk. Primary data based on questionnaire and …

Persistent link: https://www.econbiz.de/10011261133

Overconfidence, Risk Aversion and Individual Financial Decisions in Experimental Asset Markets

Michailova, Julija - Volkswirtschaftliche Fakultät, … - 2010

We investigate the influence of overconfidence and risk aversion on individual financial decision making in the … their pre-experimental overconfidence scores, were assigned to the two types of markets: least overconfident subjects formed … trading activity were overconfidence dependent only for female participants. Mistakes in price forecasting, that are …

Persistent link: https://www.econbiz.de/10011266111

Overconfidence and bubbles in experimental asset markets

Michailova, Julija; Schmidt, Ulrich - Volkswirtschaftliche Fakultät, … - 2011

This paper investigates the relationship between market overconfidence and occurrence of stock-price bubbles. Sixty … participants traded stocks in ten experimental asset markets. Markets were constructed on the basis of subjects’ overconfidence …: The most overconfident subjects form high overconfidence markets, and the least overconfident subjects low overconfidence …

Persistent link: https://www.econbiz.de/10011266117

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