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Kuon, Bettina; Mathauschek, Barbara; Sadrieh, Abdolkarim - 2000

principles of Expected Utility Theory (EUT) and of Portfolio Selection Theory (PST). The experiment is performed with individuals … providing additional risk that is not compensated by additional expected value. We find that the results of our experiment are …

Persistent link: https://www.econbiz.de/10014182702

Prices and portfolio choices in financial markets : theory, econometrics, experiments

Bossaerts, Peter L. (contributor); … - 2007

Many tests of asset pricing models address only the pricing predictions - but these pricing predictions rest on portfolio choice predictions which seem obviously wrong. This paper suggests a new approach to asset pricing and portfolio choices, based on unobserved heterogeneity. This approach...

Persistent link: https://www.econbiz.de/10003549745

The Bull of Wall Street : Experimental Analysis of Testosterone and Asset Trading

Nadler, Amos - 2017

Growing evidence shows that biological factors affect individual financial decisions that could be reflected in financial markets. Testosterone, a chemical messenger especially influential in male physiology, has been shown to affect economic decision making, and is taken as a...

Persistent link: https://www.econbiz.de/10012972194

An Experimental Study on Disposition Effect : Psychological Biases, Trading Strategies, and Assets Holding Time

Risfandy, Tastaftiyan - 2014

. This existence of disposition effect is also supported by another experiment session showing that there is a holding time …

Persistent link: https://www.econbiz.de/10013058709

Aggregation and convergence in experimental general equilibrium economies constructed from naturally occurring preferences

Crockett, Sean; Friedman, Daniel; Oprea, Ryan - 2017

Prior laboratory experiments have studied general equilibrium economies constructed from \induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, \homegrown" preferences. Our subjects reveal their preferences...

Persistent link: https://www.econbiz.de/10011771668

Aggregation and convergence in experimental general equilibrium economies constructed from naturally occurring preferences

Crockett, Sean; Friedman, Daniel; Oprea, Ryan - 2017

Prior laboratory experiments have studied general equilibrium economies constructed from "induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, "homegrown" preferences. Our subjects reveal their preferences...

Persistent link: https://www.econbiz.de/10011758295

Beyond information : disclosure, distracted attention, and investor behavior

Hillenbrand, Adrian; Schmelzer, André - 2015 - Working paper version: December 2015

investment behavior. In our experiment, subjects decide about investments into real-life mutual funds. We find that subjects …

Persistent link: https://www.econbiz.de/10011416914

Three essays in financial economics

Martinez, Jose Vicente - 2006

Persistent link: https://www.econbiz.de/10009243798

Optimal derivative liquidation timing under path-dependent risk penalties

Leung, Tim; Shirai, Yoshihiro - In: Journal of financial engineering 2 (2015) 1, pp. 1-32

Persistent link: https://www.econbiz.de/10010528389

Competition in Portfolio Management : Theory and Experiment

Asparouhova, Elena N. - 2012

We develop a new theory of delegated investment whereby managers compete in terms of composition of the portfolios they … across states. An experiment involving about one hundred participants over six weeks broadly supports the theoretical … portfolios closer to Arrow-Debreu securities (as in the theory) and who had better recent performance (an observation unrelated …

Persistent link: https://www.econbiz.de/10013116268