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The Financial/Economic Dichotomy in Social Behavioral Dynamics : The Socionomic Perspective

Prechter, Robert R. - 2011

socionomic theory of finance (STF) posits that contextual differences between economics and finance produce different behavior … valuations by other homogeneous agents induces unconscious, non-rational herding, which follows endogenously regulated …

Persistent link: https://www.econbiz.de/10013134251

"Rational" or "Intuitive" : are behavioral biases correlated across stock market investors?

Kudryavtsev, Andrey; Cohen, Gil; Hon-Snir, Shlomit - In: Contemporary economics 7 (2013) 2, pp. 31-53

Human judgments are systematically affected by various biases and distortions. The main goal of our study is to analyze the effects of five well-documented behavioral biases—namely, the disposition effect, herd behavior, availability heuristic, gambler’s fallacy and hot hand fallacy—on the...

Persistent link: https://www.econbiz.de/10009770254

Information risk, market stress and institutional herding in financial markets : new evidence through the lens of a simulated model

Boortz, Christopher; Kremer, Stephanie; Jurkatis, Simon; … - 2014

This paper employs numerical simulations of the Park and Sabourian (2011) herd model to derive new theory …-based predictions for how information risk and market stress influence aggregate herding intensity. We test these predictions … sell herding. The model also explains why buy, not sell, herding is more pronounced during the financial crisis. …

Persistent link: https://www.econbiz.de/10010356865

The investment home bias with peer effect

Levy, Haim - In: Journal of risk and financial management : JRFM 13 (2020) 5/94, pp. 1-19

Observed international diversification implies an investment home bias (IHB). Can bivariate preferences with a local domestic peer group rationalize the IHB? For example, it is argued that wishing to have a large correlation with the Standard and Poor's 500 stock index (S&P 500 stock index) may...

Persistent link: https://www.econbiz.de/10012304869

Stochastic volatility jump-diffusions for European equity index dynamics

Kaeck, Andreas; Alexander, Carol - In: European financial management : the journal of the … 19 (2013) 3, pp. 470-496

Persistent link: https://www.econbiz.de/10010193749

Bad advice, herding and bubbles

Thoma, Mark Allen - In: The journal of economic methodology 20 (2013) 1, pp. 45-55

Persistent link: https://www.econbiz.de/10009783310

Sentimental herding in Borsa Istanbul : informed versus uninformed

Solakoğlu, Mehmet Nihat; Demir, Nazmi - In: Applied economics letters 21 (2014) 13/15, pp. 965-968

Persistent link: https://www.econbiz.de/10010418301

The market for lemmings : is the investment behavior of pension funds stabilizing or destabilizing?

Blake, David; Sarno, Lucio; Zinna, Gabriele - 2014

Persistent link: https://www.econbiz.de/10010429316

Herding in Financial Markets

Boortz, Christopher - 2016

Persistent link: https://www.econbiz.de/10012312735

Biases and heuristics in portfolio management : determinants for non-optimal portfolio diversification

Filiz, Ibrahim - 2019

Markowitz (1952) hat gezeigt, dass es für risikoaverse Wirtschaftssubjekte sinnvoll ist, das Vermögen auf verschiedene Anlageinstrumente zu verteilen. Doch erweist sich in der Praxis, dass Wirtschaftssubjekte häufig nicht-optimal diversifizierte Portfolios halten. Es gibt viele mögliche...

Persistent link: https://www.econbiz.de/10012128097