"Behavioral finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral...

This paper shows that market breadth, i.e. the difference between the average number of rising stocks and the average number of falling stocks within a portfolio, is a robust predictor of future stock returns on market and industry portfolios for 64 countries for the period between 1973 and...

This study aims to connect the two strands of literature, i.e. behavioral corporate finance and agent-based macroeconomics to assess the impact of managerial overconfidence both at the micro and at the macro level. More specifically, we build a macroeconomic Agent-Based Model (ABM) calibrated...

Socially Responsible Investment (SRI) funds have been shown to underperform, primarily due to restricting their investments to a subset of the universe of investable assets. Rapid growth of SRI funds implies that there is a growing segment within the investment community who are willing to...