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investigate how reputational motives (i.e., the public announcement of the winners or losers) influence risk-taking in investment …
Persistent link: https://www.econbiz.de/10012001790
investigate how reputational motives (i.e., the public announcement of the winners or losers) influence risk-taking in investment …
Persistent link: https://www.econbiz.de/10012008982
Two aspects of social context are central to the finance industry: (i) financial professionals make investment … professionals' investment behavior: those lagging behind increase risk-taking, but this effect disappears as soon as professionals …
Persistent link: https://www.econbiz.de/10011847498
Two participants have to decide jointly, with the discussions preceding their choice being video/audiotaped. For two tasks, one with and one without strategic interaction, we refer to obvious reasoning styles as mental models. The videotaped discussions are analyzed according to which mental...
Persistent link: https://www.econbiz.de/10009723594
We analyze early-venture fundraising from dispersed, endogenously informed investors. An entrepreneur chooses a payoff-maximizing offering, and investors communicate their information by either contributing capital or by abstaining. The entrepreneur uses the information conveyed by fundraising...
Persistent link: https://www.econbiz.de/10012903815
Persistent link: https://www.econbiz.de/10003896769
We consider a market economy where two rational agents are able to learn the distribution of future events. In this context, we study whether moving away from the standard Bayesian belief updating, in the sense of under-reaction to some degree to new information, may be strategically convenient...
Persistent link: https://www.econbiz.de/10012797563
with differently upward-biased analysts in a way that would permit him to make more accurate investment decisions. We …
Persistent link: https://www.econbiz.de/10011824760
Evolutionary Finance focuses on questions of "survival and extinction" of investment strategies (portfolio rules) in … interaction of portfolio rules of competing market participants. A comprehensive theory of evolutionary dynamics of this kind has … the theory to a class of models with short selling and endogenous asset supply …
Persistent link: https://www.econbiz.de/10011865449
sophistication, as measured in the Guessing Game (for example, through level-k theory), is the only significant determinant of …
Persistent link: https://www.econbiz.de/10013490632