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Stochastic dominance and nonparametric comparative revealed risk aversion
Heufer, Jan - 2011
is also illustrated. -- Comparative risk aversion ; experimental economics ; induced budget experiments ; interpersonal …
Persistent link: https://www.econbiz.de/10009580236
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Complex Evolutionary Systems in Behavioral Finance
Hommes, Cars; Wagener, Florian - 2008
the past. Calibration of simple complexity models with heterogeneous expectations to real financial market data and … laboratory experiments with human subjects are also discussed. …
Persistent link: https://www.econbiz.de/10010325725
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Illusion of Expertise in Portfolio Decisions:An Experimental Approach
Fellner, Gerlinde; Güth, Werner; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2001
This paper focuses on egocentric biases in financial decisions. Subjects first designa portfolio, whereby each combination of assets yields the same expected returnand variance of returns. They are then confronted with two alternative portfolios;the average portfolio and the portfolio of one’s...
Persistent link: https://www.econbiz.de/10005867327
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Beyond information : disclosure, distracted attention, and investor behavior
Hillenbrand, Adrian; Schmelzer, André - 2015 - Working paper version: December 2015
investigate whether the appearance - the visual frame - of disclosure documents impacts risk and return expectations and …
Persistent link: https://www.econbiz.de/10011416914
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Complex evolutionary systems in behavioral finance
Hommes, Cars H.; Wagener, Florian Oskar Ottokar - 2008
the past. Calibration of simple complexity models with heterogeneous expectations to real financial market data and … laboratory experiments with human subjects are also discussed. …
Persistent link: https://www.econbiz.de/10011376458
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Cognitive bubbles
Bosch-Rosa, Ciril; Meissner, Thomas; Bosch Domènech, Antoni - 2015
experiments populated only by subjects with either low or high cognitive sophistication. We observe classic bubble- crash patterns … type of experiments. …
Persistent link: https://www.econbiz.de/10010477154
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Illusion of expertise in portfolio decisions : an experimental approach
Fellner, Gerlinde; Güth, Werner; Maciejovsky, Boris - 2001
Overall, 72 subjects invest their endowment in four risky assets. Each com-bination of assets yields the same expected return and variance of returns. Illusion of expertise prevails when one prefers nevertheless the self-selected portfolio. After being randomly assigned to groups of four...
Persistent link: https://www.econbiz.de/10011408429
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Illusion of Expertise in Portfolio Decisions: An Experimental Approach
Fellner, Gerlinde; Güth, Werner; Maciejovsky, Boris - Max-Planck-Institut zur Erforschung von … - 2001
This paper focuses on egocentric biases in financial decisions. Subjects first design a portfolio, whereby each combination of assets yields the same expected return and variance of returns. (...)
Persistent link: https://www.econbiz.de/10005845214
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Heads we both win, tails only you lose : the effect of limited liability on risk-taking in financial decision making
Ahrens, Steffen; Bosch-Rosa, Ciril - 2019
distorted view of riskiness (e.g., Barberis (2013); Benabou (2015)). In a series of laboratory experiments we show how limited …
Persistent link: https://www.econbiz.de/10012034134
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Bubbles, crashes and information contagion in large-group asset market experiments
Hommes, Cars H.; Kopányi-Peuker, Anita; Sonnemans, Joep - 2019
We experimentally investigate how price expectations are formed in a large asset market where subjects' only task is to … forecast the future price of a risky asset. The realized prices depend on these expectations. We observe small (6 participants …
Persistent link: https://www.econbiz.de/10011979625