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Causes, consequences, and cures of myopic loss aversion: An experimental investigation
Fellner, Gerlinde; Sutter, Matthias - 2005
Myopic loss aversion (MLA) has been established as one prominent explanation for the equity premium puzzle. In this paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative impact of feedback frequency and investment flexibility (via...
Persistent link: https://www.econbiz.de/10010263139
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Herding with and without payoff externalities : an internet experiment
Drehman, Mathias; Oechssler, Joerg; Roider, Andreas - 2005
experiment with more than 6000 subjects, including a subsample of 267 consultants from an international consulting firm. We also …
Persistent link: https://www.econbiz.de/10003380747
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Bubbles in hybrid markets : how expectations about algorithmic trading affect human trading
Farjam, Mike; Kirchkamp, Oliver - 2015
experiment to measure changes of human trading behavior if these humans expect algorithmic traders. To disentangle the direct …
Persistent link: https://www.econbiz.de/10011392621
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Am I my peer‘s keeper? : social responsibility in financial decision making
Füllbrunn, Sascha; Luhan, Wolfgang J. - 2015
oder für andere Personen. Wir verwenden ein „within-subjects“ für unser Experiment, bei dem Vermögensverwalter in …
Persistent link: https://www.econbiz.de/10010519127
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Beyond information : disclosure, distracted attention, and investor behavior
Hillenbrand, Adrian; Schmelzer, André - 2015 - Working paper version: December 2015
investment behavior. In our experiment, subjects decide about investments into real-life mutual funds. We find that subjects …
Persistent link: https://www.econbiz.de/10011416914
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Herding and contrarian behavior in financial markets : an internet experiment
Drehmann, Mathias; Oechssler, Joerg; Roider, Andreas - 2004 - Revised version: June 2004, First version: November 2002
Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004: We report results of an internet experiment … subjects, including a subsample of 267 consultants from an international consulting firm, participated in the experiment. As …
Persistent link: https://www.econbiz.de/10010361992
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Behavioral determinants of home bias : theory and experiment
Dlugosch, Dennis; Horn, Kristian; Wang, Mei - 2014 - This version: April 6, 2014
We study portfolio diversification in an experimental decision task, where asset returns depend on a draw from an ambiguous urn. Holding other information identical and controlling for the level of ambiguity, we find that labeling assets as being familiar or from the homeland of subjects...
Persistent link: https://www.econbiz.de/10010340322
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Causes, consequences, and cures of myopic loss aversion : an experimental investigation
Fellner, Gerlinde; Sutter, Matthias - 2005
Myopic loss aversion (MLA) has been established as one prominent explanation for the equity premium puzzle. In this paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative impact of feedback frequency and investment flexibility (via...
Persistent link: https://www.econbiz.de/10010365910
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How do risk attitudes affect measured confidence?
Murad, Zahra; Sefton, Martin; Starmer, Chris - 2015
We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a bet based on performance. The former...
Persistent link: https://www.econbiz.de/10011434351
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Explanations or advice : the impact of financial literacy on information acquisition behavior
Sprenger, Julia - 2016
financial decision? A laboratory experiment investigates the way external information is integrated into the decision making …
Persistent link: https://www.econbiz.de/10011514485