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Do Individual Investors Learn from Their Mistakes?
Koestner, Maximilian - 2019
closely related to learning from investment mistakes. To test our hypotheses, we use an administrative dataset which covers … that this effect is related to learning from overtrading …
Persistent link: https://www.econbiz.de/10012905576
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Skewness preference and the popularity of technical analysis
Ebert, Sebastian; Hilpert, Christian - In: Journal of banking & finance 109 (2019), pp. 1-22
Persistent link: https://www.econbiz.de/10012224985
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Anchoring in financial decision-making : evidence from the field
Jetter, Michael; Walker, Jay K. - 2016
This paper analyzes 12,596 wagering decisions of 6,064 contestants in the US game show Jeopardy!, focusing on the anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue in their wagering decision, even though there exists...
Persistent link: https://www.econbiz.de/10011526727
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Peer effects in stock market participation : evidence from immigration
Girshina, Anastasia; Mathä, Thomas; Ziegelmeyer, Michael - 2019
evidence that social learning is one of the channels through which the peer effect is transmitted. However, social learning …
Persistent link: https://www.econbiz.de/10012135862
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About Depression Babies and Red Diaper Babies : Do Macroeconomic Experiences Affect Everybody’s Risk Taking in the Same Way?
Cordes, Henning - 2019
We study how macroeconomic growth experienced throughout a person's lifetime affects the decision to participate in the stock market, and how this interacts with political education. For people who have been raised in the market economy of the Federal Republic of Germany, we find that...
Persistent link: https://www.econbiz.de/10012867052
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Childhood Experience of Father's Job Loss and Stock Market Participation
Lehtoranta, Antti - 2014
​Using data from the Panel Study of Income Dynamics (PSID), I document that childhood experience of father's job loss decreases the propensity to own stocks as an adult. If this experience takes place at the age of 5–10 years, the probability of owning stocks decreases by 2.9 percentage...
Persistent link: https://www.econbiz.de/10013040475
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Socioeconomic Status and Learning from Financial Information
Kuhnen, Camelia M. - 2016
The majority of lower socioeconomic status (SES) households in the U.S. and Europe do not have stock investments, which is detrimental to wealth accumulation. Here, we examine one explanation for this puzzling fact, namely, that economic adversity may influence how people learn from financial...
Persistent link: https://www.econbiz.de/10013004714
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Understanding the Impact of Severe Hyperinflation Experience on Current Household Investment Behavior
Fajardo, José; Dantas, Manuela - 2020
We propose that a hyperinflation event has a long-lasting effect on household investment behavior. We want to investigate whether future stock market participation can be influenced by a single extreme macroeconomic instability episode. We use data from the Brazilian Institute of Geography and...
Persistent link: https://www.econbiz.de/10014352429
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Over- and underreaction to information : the role of complexity in belief-updating
Ba, Cuimin; Bohren, J. Aislinn; Imas, Alex - 2024
Persistent link: https://www.econbiz.de/10015110471
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Active learning fosters financial behavior : experimental evidence
Kaiser, Tim; Menkhoff, Lukas - 2018
-scale retailers in Western Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson …-plans. We find that active learning has a positive and economically meaningful impact on savings and investment outcomes, in … active learning intervention seems to be superior as it works via three cognitive and non-cognitive mechanisms, i …
Persistent link: https://www.econbiz.de/10011880438