. Using a data for five international capital markets in developed countries we find that the hypothesis of rationality losses …

a strong evidence on the effect of managerial psychology on corporate investment decision's rationality. Using models …We present evidence consistent with theories that psychological biases affect rationality decision of managers. We find … disposition effect to explain their impact on corporate investment decision's rationality. Corporate governance contributes to the …

“Rationality” is a term that comes up often during investment conversations, and yet it has not been definitively … defined. For example, economists and investors each use and define the term rationality differently. The objective of this … note is to profile three general definitions of the term “rationality,” and then to demonstrate how one of these …

index fund rationality paradox. The experiment, conducted among first generation High Net Worth Individuals (HNWI) and …

rationality losses of significance and cannot explain the evolution of trading. The economy is, however, driven by behavioral …