What incentives do managers face that might give rise to inefficient investments in leases? If managers make inefficient investments in leases, what economic consequences arise for those managers and their firms? We develop a model of expected investments in leased assets and use the residuals...

Psychology and finance -- Overconfidence -- Pride and regret -- Risk perceptions -- Decision frames -- Mental accounting -- Forming portfolios -- Representativeness and familiarity -- Social interaction and investing -- Emotion and investment decisions -- Self-control and decision making --...