Showing 1 - 10 of 4,322
The aim of this paper is to investigate the degree of susceptibility to behavioral biases (the certainty effect, the sunk cost fallacy, and mental accounting) among people of various levels of expertise in market investments and to determine whether this susceptibility is correlated with certain...
Persistent link: https://www.econbiz.de/10011392293
A rich history of theoretical models in finance shows that speculation can lead to overpricing and price bubbles. We … step, we elicit individual speculative behavior in a one-shot setting with a novel Speculation Elicitation Task (SET). In a … explanations, using a market environment introduced by Lei, Noussair, and Plott (2001) where speculation is impossible. Taken …
Persistent link: https://www.econbiz.de/10012937410
Persistent link: https://www.econbiz.de/10009700461
Persistent link: https://www.econbiz.de/10001887051
Persistent link: https://www.econbiz.de/10012321212
Persistent link: https://www.econbiz.de/10011632577
Persistent link: https://www.econbiz.de/10011695262
Financial engineering often involves redefining existing financial assets to create new financial products. This paper investigates whether financial engineering can alter the environment so that irrational agents can quickly learn to be rational. The specific environment we investigate is based...
Persistent link: https://www.econbiz.de/10014047141
Persistent link: https://www.econbiz.de/10001390749
Persistent link: https://www.econbiz.de/10011303197