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This paper investigates the effect of vivid language on investor judgments. Recent research finds that investor … sensitive to the differences between vivid and pallid language when the underlying information is preference-inconsistent, but … not when the information is preference-consistent. Results of two experiments support our prediction. Vivid language …
Persistent link: https://www.econbiz.de/10013038408
Persistent link: https://www.econbiz.de/10003675466
We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment … increases investment levels. -- myopic loss aversion ; risk ; investment ; experiment …
Persistent link: https://www.econbiz.de/10009731795
In this paper we relate individual risk attitude as elicited by binary lotteries and certainty equivalents to market behavior. By analyzing 26 independent markets with a total of 280 participants we show that binary lottery choices and certainty equivalents are poorly correlated. Only lottery...
Persistent link: https://www.econbiz.de/10014087733
variable fees, such as those for trade executions. Drawing on transaction decoupling theory, I examine how transaction cost …
Persistent link: https://www.econbiz.de/10013321547
Insights on how ordinary, less-sophisticated investors interpret and process management-issued pro forma earnings numbers are useful to regulators because of concerns that pro forma disclosures are misleading to ordinary investors. Two recent experimental studies (Frederickson and Miller, 2004...
Persistent link: https://www.econbiz.de/10014055578
Insights on how ordinary, less-sophisticated investors interpret and process management-issued pro forma earnings numbers are useful to regulators because of concerns that pro forma disclosures are misleading to ordinary investors. Two recent experimental studies (Frederickson and Miller, 2004...
Persistent link: https://www.econbiz.de/10014073968
In an experiment on the large language model GPT-4o, a supplier always makes a higher profit if it replaces uniform … willingness to pay for the traded commodity. In the experiment, the effect is bigger if the least protective version is labelled …
Persistent link: https://www.econbiz.de/10015325351
than Italian-speaking children to delay gratification in an intertemporal choice experiment. This result is robust when …
Persistent link: https://www.econbiz.de/10013013093
than Italian-speaking children to delay gratification in an intertemporal choice experiment. The difference remains …
Persistent link: https://www.econbiz.de/10013014019