Why do people buy and sell stocks? To make money, of course. However, greed is not the only reason people seek to accumulate and attain wealth. Some people want personal comfort, security, or freedom. It seems simple enough. Then, why do so many people buy high and sell low? Why do some people...

In worldwide financial markets, increased trading is a more common observable factor that not goes in favor of the standard of classical economic theory based on rational agents and efficient markets. Previous research suggests that market performance operate the level of overconfidence and...

Kahneman and Tversky's approach to preference under uncertainty is aversion to loss realization. This paper is an attempt to highlight this phenomenon with a unique approach. In order to beat the market fund managers are required to manage their portfolio at regular intervals. The tendency to...