Showing 1 - 10 of 5,297
We show that preferred investment styles can be determined by the big five personality traits. Using this result, we build a tool that recommends investment styles. The resulting recommendations are significantly higher rated than random recommendations.We collected detailed personality traits...
Persistent link: https://www.econbiz.de/10013168886
We study the relationship between overconfidence and the political and financial behavior of a nationally … representative sample. To do so, we introduce a new method of eliciting overconfidence that is simple to understand, quick to … price forecasting errors, and more extreme political views. Additionally, we find that overconfidence is correlated with …
Persistent link: https://www.econbiz.de/10012648019
Purpose: People often face constraints such as a lack of time or information in taking decisions, which leads them to use heuristics. In these situations, fast and frugal rules may be useful for making adaptive decisions with fewer resources, even if it leads to suboptimal choices. When applied...
Persistent link: https://www.econbiz.de/10011875260
Persistent link: https://www.econbiz.de/10012038402
Persistent link: https://www.econbiz.de/10013431698
Problemstellung, Zielsetzung, Methodik und Aufbau der Untersuchung -- Begriffliche Grundlagen und Annahmen -- Der Bewertungsunterschied zwischen fokussierten und diversifizierten Unternehmen -- Einflussgrößen des Bewertungsunterschieds -- Empirische Untersuchung -- Praktische Implikationen --...
Persistent link: https://www.econbiz.de/10014014264
This paper analyzes how individual investors respond to inflation. We introduce a unique dataset containing information on local inflation and security portfolios of more than 2,000 clients of a German bank between 1920 and 1924, covering the hyperinflation. We find that individual investors buy...
Persistent link: https://www.econbiz.de/10012515013
This paper employs a new and comprehensive data set to investigate short-term herding behavior of institutional investors. Using data of all transactions made by financial institutions in the German stock market, we show that herding behavior occurs on a daily basis. However, in contrast to...
Persistent link: https://www.econbiz.de/10008906006
Persistent link: https://www.econbiz.de/10013433112