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Decomposing the disposition effect
Maier, Johannes K.; Fischer, Dominik Simon - 2021
We theoretically show that there is a fundamental disconnect between the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses...
Persistent link: https://www.econbiz.de/10012628736
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Asset Bundling and Information Acquisition of Investors with Different Expertise
Dai, Liang - 2020
This paper investigates how a profit-maximizing asset originator can coordinate the information acquisition of investors with different expertise by means of asset bundling. Bundling is beneficial to the originator when it discourages investors from analyzing idiosyncratic risks and focuses...
Persistent link: https://www.econbiz.de/10012853628
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Decomposing the disposition effect
Maier, Johannes K.; Fischer, Dominik Simon - 2021
We theoretically show that there is a fundamental disconnect be- tween the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses re-...
Persistent link: https://www.econbiz.de/10012648374
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Decomposing the Disposition Effect
Maier, Johannes; Fischer, Dominik - 2021
We theoretically show that there is a fundamental disconnect between the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses...
Persistent link: https://www.econbiz.de/10013324218
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Do robo-advisors make us better investors?
Back, Camila; Morana, Stefan; Spann, Martin - 2021
considers the impact of anthropomorphized robo-advisors on investment decisions, with a focus on their ability to mitigate …: the extent of requests for the robo-advisor’s investment advice and perceptions of its socialness. These findings resonate … with cognitive dissonance theory, which predicts that assigning responsibility to the advisor helps investors resolve a …
Persistent link: https://www.econbiz.de/10012500401
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Misperceived returns to active investing
Haaland, Ingar; Naess, Ole-Andreas Elvik - 2023
We conduct field experiments with retail investors recruited from a social trading platform. In our main experiment, we first elicit beliefs about the returns to active investing. We then generate exogenous variation in beliefs by providing treated respondents with information about index funds...
Persistent link: https://www.econbiz.de/10013536190
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Determinants of investment behaviour of investors : a review and research agenda
Arora, Rakhi; Purohit, Sonal - In: International journal of behavioural accounting and finance 7 (2024) 2, pp. 153-176
Persistent link: https://www.econbiz.de/10015057234
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Investment strategies, reversibility, and asymmetric information
Cui, Xue; Shibata, Takashi - In: European journal of operational research : EJOR 263 (2017) 3, pp. 1109-1122
Persistent link: https://www.econbiz.de/10011794537
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Investment horizon and efficient frontier
Fernandes, José L. B.; Cavalcante, José Paulo; … - In: Journal of international business and economics : JIBE 16 (2016) 4, pp. 7-14
Persistent link: https://www.econbiz.de/10011601183
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Reinforcement learning in repeated portfolio decisions
Diao, Linan; Rieskamp, Jörg - 2011
How do people make investment decisions when they receive outcome feedback? We examined how well the standard mean … different correlation structures of the investment alternatives, which was best predicted by the extended reinforcement model …
Persistent link: https://www.econbiz.de/10008990025