Showing 1 - 10 of 58
Decision making usually involves uncertainty and risk. Understanding which parts of the human brain are activated … investment decision task from Mohr et al. (2010b). We obtain a time series of three-dimensional images of the blood … subjects' decision behavior. Keywords: risk, risk attitude, fMRI, decision making, medial orbifrontal cortex, semiparametric …
Persistent link: https://www.econbiz.de/10010319198
To most individuals saving for retirement is the number one financial goal. However, it reveals a complex task and induces serious behavioral problems which cannot be explained by traditional economic theory. This paper investigates the role of behavioral asset selection on retirement portfolios...
Persistent link: https://www.econbiz.de/10010319295
With regard to retirement savings individual investors tend to hold large positions of their wealth in riskless assets, although equity products offer higher returns. In this article we study a behavioral portfolio model which captures this phenomenon by considering two behavioral aspects: fear...
Persistent link: https://www.econbiz.de/10010270866
, the overall decision situation is ultra simple. It is so simple that: a) economists and psychologists can mechanically … model and identify what is a mistake, and b) decision makers can maximise. However, contrary to prospect theory, in the …
Persistent link: https://www.econbiz.de/10010274186
variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision but before the resolution of the investment risk; (iii) after the resolution of the investment … influence decision making. …
Persistent link: https://www.econbiz.de/10010277241
Recently proposed models of risky choice imply systematic violations of transitivity of preference. Five studies explored whether people show patterns of intransitivity predicted by four descriptive models. To distinguish ?true? violations from those produced by ?error,? a model was fit in which...
Persistent link: https://www.econbiz.de/10010296263
In dieser Arbeit werden die verschiedenen Anreize für Manager im Vergleich zu Unternehmenseignern untersucht, Innovationen durchzuführen. Bei den Anreizen treten gegenläufige Effekte der Innovationsanstrengungen auf. Unsere Untersuchung über die Determinanten des Innovationserfolges liefert...
Persistent link: https://www.econbiz.de/10010297807
We propose a new decision criterion under risk in which people extract both utility from anticipatory feelings ex ante … and disutility from disappointment ex post. The decision maker chooses his degree of optimism, given that more optimism … the decision maker takes on less risk compared to an expected utility maximizer. This speaks to the equity premium puzzle …
Persistent link: https://www.econbiz.de/10010298342
variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk …. Dependent on the timing of the global risk different combinations of anticipated and experienced emotions influence decision …
Persistent link: https://www.econbiz.de/10010325272
This paper considers a general class of stochastic dynamic choice models with discrete and continuous decision …
Persistent link: https://www.econbiz.de/10010325850