Two relevant areas in the behaviorist literature are prospect theory and overconfidence. Many tests are available to elicit their different manifestations: utility curvature, probability weighting and loss aversion in PT; overestimation, overplacement and overprecision as measures of...

We examine informational efficiency in retail credit markets to test whether behavioral biases by participants in the banking industry might explain credit cycles. We offer a simple model of herding and limits of arbitrage in retail credit markets that follows the behavioral approach of Shleifer...

We offer a simple model of herding and limits of arbitrage in retail credit markets that follows the behavioral approach of Shleifer (2000). We show why solely behavioral biases by participants in the industry could explain how a credit bubble might be fed by the banking sector. According to our...

We explore the potential of different behavioral drivers for people to use cash when presented with digital payment alternatives in retail transactions. Behavioral finance traits in our study include the otherwise neglected emotional drivers. We conducted an online survey targeting university...

Financial technology (FinTech) is driving innovation in the financial industry worldwide. This article contributes to answer the question of whether FinTech firms and traditional financial institutions compete or collaborate. We use the decade of 2010s in Spain as a case study – a country with...

European authorities are encouraging internal devaluation by GIPSI countries in order to improve their competitiveness and reduce current account deficits. However, this option introduces an additional source of risk, as it may generate deflation, making fiscal consolidation for this countries...

Intro -- FINANCIAL MARKETS A GUIDED TOUR -- LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA -- CONTENTS -- LIST OF TABLES -- LIST OF FIGURES -- FOREWORD -- ACKNOWLEDGMENTS -- INTRODUCTION -- PART I: FINANCIAL MARKETS:WHAT THEY ARE AND WHAT THEY ARE FOR -- Chapter 1 A HISTORICAL VIEW OF...