Alghalith, Moawia; Floros, Christos; Dukharan, Marla - In: The Journal of Risk Finance 13 (2012) 3, pp. 262-268
Purpose – The purpose of this paper is to empirically test dominant theories and assumptions in behavioral finance, using data from the Standard & Poor's 500 index. Design/methodology/approach – The empirical analysis has three parts: to test the assumption of risk aversion; to examine the...