Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10003813717
Persistent link: https://www.econbiz.de/10009304799
We investigate the effect of the tone of news on investor stock price expectations and beliefs. In an experimental study we ask subjects to estimate a future stock price for twelve real listed companies. As additional information we provide them with historical stock prices and extracts from...
Persistent link: https://www.econbiz.de/10011374037
We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors’ adaptation to the loss situation and, subsequently, whether this adaptation affects future investment decisions. As investors adapt to losses, their neutral reference point shifts...
Persistent link: https://www.econbiz.de/10011377365
Persistent link: https://www.econbiz.de/10011547045
This paper experimentally investigates how emotions are associated with option prices and risk perception. Using a binary lottery, we find evidence that the emotion 'surprise' plays a significant role in the negative correlation between lottery returns and estimates of the price of a put option....
Persistent link: https://www.econbiz.de/10010427973
This paper investigates the impact of news media sentiment on financial market returns and volatility in the long-term. We hypothesize that the way the media formulate and present news to the public produces different perceptions and, thus, incurs different investor behavior. To analyze such...
Persistent link: https://www.econbiz.de/10010427987
Persistent link: https://www.econbiz.de/10010502918
Persistent link: https://www.econbiz.de/10010502929
According to disposition effect theory, people hold losing investments too long. However, many investors eventually sell at a loss, and little is known about which psychological factors contribute to these capitulation decisions. This study integrates prospect theory, utility maximization...
Persistent link: https://www.econbiz.de/10008748098