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Time Varying Risk Aversion, Familiarity Bias, and Portfolio Concentration During Market Uncertainty
Skiba, Hilla - 2013
of traditional finance theory. Even after controlling for market segmentation and “investability” of foreign markets … market uncertainty. My empirical hypotheses are based on a psychological theory that relates uncertainty in the markets to … increases in investors' risk aversion which in turn increases investors' proneness to familiarity bias. I hypothesize that …
Persistent link: https://www.econbiz.de/10013083023
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Rational Decision-Making under Uncertainty : Observed Betting Patterns on a Biased Coin
Haghani, Victor - 2016
What would you do if you were invited to play a game where you were given $25 and allowed to place bets for 30 minutes on a coin that you were told was biased to come up heads 60% of the time? This is exactly what we did, gathering 61 young, quantitatively trained men and women to play this...
Persistent link: https://www.econbiz.de/10012980760
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Investors' behavior in alternative asset classes
Papavasiliou, Ellie; Topaloglou, Nikolas; Tsomidis, Georgios - In: Spoudai : journal of economics and business 72 (2022) 3/4, pp. 3-55
investor personae in the Behavioral Finance literature, namely, the Cumulative Prospect Theory, the Markowitz and the Loss … attractive attracted under risk conditions. …
Persistent link: https://www.econbiz.de/10014246136
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A Horse Race of Preferences for Predicting Portfolio Choice
Li, King King - 2021
, the effect of confidence (Kyle and Wang, 1997) is stronger than that of risk aversion, which is stronger than the effects …
Persistent link: https://www.econbiz.de/10013243831
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Return predictability, expectations, and investment : experimental evidence
Andries, Marianne; Bianchi, Milo; Huynh, Karen; Pouget, … - 2024
Persistent link: https://www.econbiz.de/10014581652
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Return predictability, expectations, and investment: experimental evidence
Andries, Marianne; Bianchi, Milo; Huynh, Karen K.; … - 2024
Persistent link: https://www.econbiz.de/10015097556
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Behavioral Biases in the Uncertainty Quantification Process
Jose, Victor Richmond R - 2023
Humans play important roles in the process of quantifying uncertainty. The participation of humans in this important exercise opens the process to behavioral biases. In this paper, we examine the different types of biases that may occur when quantifying uncertainty using a process-oriented...
Persistent link: https://www.econbiz.de/10014344457
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An Empirical Comparison of Some Experimental Designs for the Valuation of Large Variable Annuity Portfolios
Gan, Guojun - 2016
Variable annuities contain complex guarantees, whose fair market value cannot be calculated in closed form. To value the guarantees, insurance companies rely heavily on Monte Carlo simulation, which is extremely computationally demanding for large portfolios of variable annuity policies....
Persistent link: https://www.econbiz.de/10012984366
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Does investor risk perception drive asset prices in markets? : experimental evidence
Huber, Jürgen; Palan, Stefan; Zeisberger, Stefan - 2017
Persistent link: https://www.econbiz.de/10011736417
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Informative social interactions
Arrondel, Luc; Calvo Pardo, Héctor F.; Giannitsarou, … - 2019
We design, field and exploit survey data from a representative sample of the French population to examine whether informative social interactions enter households'stockholding decisions. Re- spondents report perceptions about their circle of peers with whom they interact about financial matters,...
Persistent link: https://www.econbiz.de/10012133173