This paper provides evidence on the hypothesis that many behavioral finance patterns are so deeply rooted in human behavior that they are difficult to overcome by learning. We test this on a target group which has undoubtedly very strong incentives to learn efficient behavior, i.e. fund...

This paper provides survey evidence on the influence of training on behavioral finance on professional fund managers’ perception and investment behavior. In particular, it examines whether “trained” fund managers differ from the “untrained” ones in their perception of markets and...

Innerhalb des Euroraums haben sich in den letzten Jahren erhebliche Zinsspreads entwickelt. Der Autor vertritt die Auffassung, dass diese Spreads die Entwicklung der wirtschaftlichen Fundamentaldaten nachzeichnen. Auf diese Fundamentaldaten und entsprechend auch auf die Spreads habe die Finanz-...