The feedback frequency and the length of commitment are two important features of investment alternatives in …

The disposition effect describes investors' common tendency of quitting a winning investment too soon and holding on to … the opposite way. Investigating both account level field data as well as data from a controlled laboratory experiment, we …

). Similar to the field data study by Odean, Strahilevitz, and Barber (2004), subjects in our experiment are about 2.5 to 3 times …

We perform a market experiment to investigate how average transaction prices react to the arrival of new information …

self-directed online investors at a UK bank. The survey asks for return expectations, risk expectations, and risk tolerance …. The exception is a positive effect of increases in return expectation on buying activity. Portfolio risk levels and … changes are more systematically related to return and risk expectations. In line with financial theory, risk taking increases …

Why should aggregate investment of large conglomerates depend on personal characteristics of one single person, the CEO …? In reality, corporate investment decision processes are complex. Are personal characteristics of all senior managers … in this paper empirically for the case of managerial optimism and corporate investment. In contrast to existing empirical …

Theoretical models predict that overconfident investors will trade more than rational investors. We directly test this … answered the questionnaire. We find that investors who think that they are above average in terms of investment skills or past …

Theoretical models predict that overconfident investors will trade more than rational investors. We directly test this … answered the questionnaire. We find that investors who think that they are above average in terms of investment skills or past …

The results of an asset market experiment, in which 64 subjects trade two assets on eight markets in a computerized …