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The Psychological Attraction Approach to Accounting and Disclosure Policy
Hirshleifer, David; Teoh, Siew Hong - Volkswirtschaftliche Fakultät, … - 2009
We offer here the psychological attraction approach to accounting and disclosure rules, regulation, and policy as a program for positive accounting research. We suggest that psychological forces have shaped and continue to shape rules and policies in two different ways. (1) Good Rules for Bad...
Persistent link: https://www.econbiz.de/10005835730
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Behavioral cost-benefit economics: Toward a new normative approach to policy
Berg, Nathan - Volkswirtschaftliche Fakultät, … - 2002
-aversion, overconfidence and hyperbolic discounting. These behavioral phenomena do indeed imply that concepts from cost-benefit analysis such …
Persistent link: https://www.econbiz.de/10008694166
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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
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Overconfidence in Psychology and Finance – an Interdisciplinary Literature Review
Skala, Dorota - Volkswirtschaftliche Fakultät, … - 2008
overconfidence phenomenon. Overconfidence is presented as a well-developed psychological theory, with main facets comprising … miscalibration, betterthan- average effect, illusion of control and unrealistic optimism. The primary applications of overconfidence … studies, formal models and analyses of market data demonstrate that overconfidence at least partially solves some financial …
Persistent link: https://www.econbiz.de/10008695082
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A short-but-efficient test for overconfidence and prospect theory. Experimental validation
Peon, David; Calvo, Anxo; Antelo, Manel - Volkswirtschaftliche Fakultät, … - 2014
Two relevant areas in the behaviorist literature are prospect theory and overconfidence. Many tests are available to …, overplacement and overprecision as measures of overconfidence. Those tests are suitable to deal with single manifestations but often … and overconfidence. We conduct an experimental research with 126 students to validate the tests, revealing they are …
Persistent link: https://www.econbiz.de/10011111828
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Investment Decisions: Are we fully-Rational?
Pereira Reichhardt, Joaquín; Iqbal, Tabassum - Volkswirtschaftliche Fakultät, … - 2014
under uncertainty. A relevant and very popular bias is Overconfidence which is deeply analyzed, as well as the highly …
Persistent link: https://www.econbiz.de/10011110084
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Gender effect in explaining the mobility patterns in the labor market: a Case study from Turkey
Eryar, Değer; Tekgüç, Hasan - Volkswirtschaftliche Fakultät, … - 2013
This paper examines the importance of gender on different job mobility patterns using an extensive household survey data from İzmir, third largest city in Turkey. The determinants of job-to-job and job-to-non-employment transitions are analyzed with the help of a multinomial logit estimation...
Persistent link: https://www.econbiz.de/10011259633
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Psychophysiological correlates of the disposition effect
Goulart, Marco; Da Costa Jr, Newton; Santos, Andre; … - Volkswirtschaftliche Fakultät, … - 2013
We assess the psychophysiological characteristics underlying the disposition effect and find that subjects showing greater disposition effect are those who sweat more and present lower body temperature and heart rate.
Persistent link: https://www.econbiz.de/10011110241
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The disposition effect and investor experience
Da Costa Jr, Newton; Goulart, Marco; Cupertino, Cesar; … - Volkswirtschaftliche Fakultät, … - 2013
We examine whether investing experience can dampen the disposition effect, that is, the fact that investors seem to hold on to their losing stocks to a greater extent than they hold on to their winning stocks. To do so, we devise a computer program that simulates the stock market. We use the...
Persistent link: https://www.econbiz.de/10011111236
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Behavioral investment strategy matters: a statistical arbitrage approach
Sun, David; Tsai, Shih-Chuan; Wang, Wei - Volkswirtschaftliche Fakultät, … - 2011
in a down market. Disposition and over-confidence effects are important factors contributing to the phenomenon. The over-confidence … effect seems to dominate the disposition effect, especially in an up market. Moreover, the over-confidence investment …
Persistent link: https://www.econbiz.de/10009654225