Narrow search
Showing 1 - 10 of 492
Cover Image
Cognitive biases and consumer sentiment
Kole, Erik; Noordegraaf-Eelens, Liesbeth; Vringer, Bas - 2019
We investigate whether two heuristics, the peak-end rule and herding, lead to cognitive biases in the index of consumer sentiment published by the University of Michigan. Both affect respondents' assessment of changes in their financial position over the past year. Consistent with the peak-end...
Persistent link: https://www.econbiz.de/10012025977
Cover Image
Interacting agents in finance
Hommes, Cars H. - 2006
Interacting agents in finance represent a behavioral, agent-based approach in which financial markets are viewed as complex adaptive systems consisting of many boundedly rational agents interacting through simple heterogeneous investment strategies, constantly adapting their behavior in response...
Persistent link: https://www.econbiz.de/10011348701
Cover Image
Why do oaths work? : image concerns and credibility in promise keeping
Kingsuwankul, Sorravich; Tergiman, Chloe; Villeval, … - 2023
We use a laboratory experiment to understand the channels through which honesty oaths can affect behavior and …
Persistent link: https://www.econbiz.de/10014380769
Cover Image
Do financial advisors exploit responsible investment preferences?
Laudi, Marten; Smeets, Paul; Weitzel, Utz - 2021
(SRI). Yet, the impact of SRI mandates on consumers is unclear. In a pre-registered lab-in-the-field experiment with 345 …
Persistent link: https://www.econbiz.de/10012591238
Cover Image
Peer effects and risk sharing in experimental asset markets
Gortner, Paul; Weele, Joël J. van der - 2019
We investigate the effect of introducing information about peer portfolios in an experimental Arrow-Debreu economy. Confirming the prediction of a general equilibrium model with inequality averse preferences, we find that peer information leads to reduced variation in payoffs within peer groups....
Persistent link: https://www.econbiz.de/10012023982
Cover Image
Credit default swap regulation in experimental bond markets
Weber, Matthias; Duffy, John; Schram, Arthur - 2019
proposed to limit such speculative use. Here, we provide the first controlled experiment analyzing the pricing of credit …
Persistent link: https://www.econbiz.de/10012026056
Cover Image
Experience does not eliminate bubbles : experimental evidence
Kopányi-Peuker, Anita; Weber, Matthias - 2018
. One is a call market experiment in which participants trade assets with each other. The other is a learning …-to-forecast experiment in which participants only forecast future prices, while the trade, which is based on these forecasts, is computerized …. Each experiment comprises three treatments that vary the amount of information about the fundamental value that …
Persistent link: https://www.econbiz.de/10011932581
Cover Image
Bubbles, crashes and information contagion in large-group asset market experiments
Hommes, Cars H.; Kopányi-Peuker, Anita; Sonnemans, Joep - 2019
We experimentally investigate how price expectations are formed in a large asset market where subjects' only task is to forecast the future price of a risky asset. The realized prices depend on these expectations. We observe small (6 participants) and large markets (about 100 participants). In...
Persistent link: https://www.econbiz.de/10011979625
Cover Image
Striking out : biases and losses of retail option traders
Pitkäjärvi, Aleksi; Vacca, Matteo - 2024
Analyzing over 15 years of account-level trading records from Finland, we show that option features-expiration, moneyness, and the strike price-influence the behavior of retail investors and exacerbate their behavioral biases. Retail investors selectively exploit the expiration feature of...
Persistent link: https://www.econbiz.de/10014541850
Cover Image
Herding, A-synchronous updating and heterogeneity in memory in a CBS
Diks, Cees G. H.; Weide, Roy van der - 2003
Persistent link: https://www.econbiz.de/10001884079