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Behavioral determinants of home bias : theory and experiment
Dlugosch, Dennis; Horn, Kristian; Wang, Mei - 2014 - This version: April 6, 2014
show a bias towards assets with a familiar or homeland label, the model does not hold. This misdiversification against the …
Persistent link: https://www.econbiz.de/10010340322
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Rankings and risk-taking in the finance industry
Kirchler, Michael; Lindner, Florian; Weitzel, Utz - 2016
Rankings are a pervasive feature of the finance industry. Although they have no direct monetary consequences, rankings provide utility for intrinsic (positive self-image) and extrinsic (status) reasons. We recruit a unique subject pool of 204 financial professionals and investigate how anonymous...
Persistent link: https://www.econbiz.de/10011417442
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Causes, consequences, and cures of myopic loss aversion : an experimental investigation
Fellner, Gerlinde; Sutter, Matthias - 2008
Persistent link: https://www.econbiz.de/10003675466
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Causes, consequences, and cures of myopic loss aversion : an experimental investigation
Fellner, Gerlinde; Sutter, Matthias - 2008
We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment …, subjects prefer on average shorter investment horizons and more frequent feedback. Exploiting the status quo bias by setting a … increases investment levels. -- myopic loss aversion ; risk ; investment ; experiment …
Persistent link: https://www.econbiz.de/10009731795
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A critical perspective on the conceptualization of risk in behavioral and experimental finance
Holzmeister, Felix; Huber, Christoph; Palan, Stefan - 2021
Risk is one of the key aspects in financial decision-making and therefore an integral part of the behavioral economics and finance literature. Focusing on the conceptualization of the term "risk", which researchers have addressed from numerous angles, this comment aims to offer a critical...
Persistent link: https://www.econbiz.de/10012591124
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Do MTurkers exhibit myopic loss aversion?
Schwaiger, Rene; Hueber, Laura - 2021
We present results from a highly powered online experiment with 937 participants on Amazon Mechanical Turk (MTurk) that … examined whether MTurkers exhibit myopic loss aversion (MLA). The experiment consisted of measuring MLA-compliant behavior in …
Persistent link: https://www.econbiz.de/10012591131
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The consequences of narrow framing for risk-taking : a stress test of myopic loss aversion
Schwaiger, Rene; Strucks, Markus; Zeisberger, Stefan - 2024
Narrow bracketing in combination with loss aversion has been shown to reduce individual risk-taking. This is known as myopic loss aversion (MLA) and has been corroborated by many studies. Recent evidence has contested this notion indicating that MLA's applicability is confined to highly...
Persistent link: https://www.econbiz.de/10014512884
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Market shocks and professionals' investment behavior : evidence from the COVID-19 crash
Huber, Christoph; Huber, Jürgen; Kirchler, Michael - 2020
experiment were 12 percent lower in March 2020 than in December 2019, even though their future price expectations did not change …
Persistent link: https://www.econbiz.de/10012220075
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Loss aversion and mental accounting : the favorite-longshot bias in parimutuel betting
Qiu, Jianying - 2009
Persistent link: https://www.econbiz.de/10008655972
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Loss aversion and mental accounting : the favorite-longshot bias in parimutuel betting
Qiu, Jianying - 2009
(the favorite-longshot bias). I build a game theoretical model and show that the favorite-longshot bias is the equilibrium … play of the players with loss aversion, and that the degree of the favorite-longshot bias depends on the mental accounting … process the players use. -- loss aversion ; mental accounting ; parimutuel betting ; the favorite-longshot bias …
Persistent link: https://www.econbiz.de/10009734683