the empirical evidence, showing that recent work challenges convex preference theory but is largely consistent with … rational choice theory. Guided by this understanding, we design a new, more demanding test of a central tenet of economics …, we show that sharing choices violate the contraction axiom. We advance a new theory that augments standard models with …

We survey the theory and evidence of behavioral corporate finance, which generally takes one of two approaches. The … on their decisions. We review relevant psychology, economic theory and predictions, empirical challenges, empirical …