described using expected utility maximising agents that adopt incorrect beliefs. Along these lines, Barberis et al. (1998 …

-based support for the concept of relative utility and reconfirmation of the meaningful role of behavioural finance in economics and …Although the link between risk aversion and diminishing marginal utility of wealth is academically well established …

utilities is a new class of non-expected utility functions representing the attitudes of investors for optimism or pessimism …

-crisis) periods, even after controlling for the five Fama-French factors, momentum, macro indicators and political uncertainty shocks …

-taking behavior in investment decisions. As there are no studies that investigate the influence of personality traits on risk attitude …, risk perception, and return expectations in investment decisions simultaneously, we provide a meaningful contribution to … influence factor on the determinants of risk-taking behavior in investment decisions …

Does economic policy uncertainty affect household stockholding? To answer this question we create a novel measure of … household exposure to economic policy uncertainty news by combining survey information on the hours a household spends in … more exposure to economic policy uncertainty news are less likely to invest in stocks directly or through mutual funds …

This paper studies asymmetric profitability of the momentum trading strategy. When investors face Knightian uncertainty … increases with the level of market and idiosyncratic uncertainty relating to the fundamental value of stocks. We provide a model …