According to economic theory, subjective longevity expectations should shape individual decision making regarding consumption and savings. A common way of eliciting longevity expectations is to ask for the subjective probability of survival to a certain age. However, there has been some dissent...

We apply a machine-learning algorithm calibrated from general human vision to predict visual salience of parts of a stock price series. We hypothesize that visual salience of adjacent prices increases decision weights on returns computed from those prices. We analyze the inferred decision impact...

We design a comprehensive experimental setup to study (i) intrinsic preferences for gradual information revelation (ii) with different skewness (positive, negative, or symmetric) (iii) in two information environments. In a compound lottery environment, symmetric information revelation is...

We extend the literature on emotions and price paths shapes by varying the framing of the investment decision. Within a large scale behavioral experiment, run on Prolific, we focus on the decision situation (buy or sell), and on the role of the decision maker (private investor, fund manager,...

We design a comprehensive experimental setup to study (i) intrinsic preferences for gradual information revelation (ii) with different skewness (positive, negative, or symmetric) (iii) in two information environments. In a ``compound lottery'' environment, symmetric information revelation is...

Experimental research by Griffin and Tversky (1992) has identified a strength-weight bias in probability updating: when assessing sets of binary signals, individuals excessively focus on the strength or extremeness of the given evidence while insufficiently accounting for the weight or...

Systematic mispricing primarily affects speculative stocks and predominantly results in overpricing, predicting lower average returns. Because speculative stocks overlap with stocks deemed risky by rational models, failing to control for exposure to systematic mispricing can bias tests of...