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Persistent link: https://www.econbiz.de/10010387946
their returns critically in order to identify unproductive entrepreneurs, but to be tolerant regarding existing links to … entrepreneurs in order not to terminate profitable relations because of minor productivity drops. However, it is optimal for an …
Persistent link: https://www.econbiz.de/10010206205
Recent research reveals that hedge fund returns exhibit a range of different,possibly non-linear pay-off patterns. It is difficult to qualify all these patternssimultaneously as being rational in a traditional framework for optimal financial decisionmaking. In this paper we present a simple...
Persistent link: https://www.econbiz.de/10011326964
Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is … mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we … perform a large "ab-in-the-field" experiment comparing entrepreneurs to managers - a suitable comparison group - and employees …
Persistent link: https://www.econbiz.de/10010418889
Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is … mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we … perform a large "lab-in-the-field" experiment comparing entrepreneurs to managers - a suitable comparison group - and …
Persistent link: https://www.econbiz.de/10010415523
Cognitive biases lead entrepreneurs to overinvest in their own companies, over exposing themselves to idiosyncratic … in entrepreneurs' portfolio allocations brought about by overconfidence and over optimism. Simulation analyses based on …. Finally, using a unique dataset including cross-regional data on Italian entrepreneurs and a structural equation modeling …
Persistent link: https://www.econbiz.de/10011703409
types of crowdinvestors that vary in their response to project quality signals of entrepreneurs, project-related information …
Persistent link: https://www.econbiz.de/10011925661
Persistent link: https://www.econbiz.de/10009537381
Myopic loss aversion (MLA) has been established as one prominent explanation for the equity premium puzzle. In this paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative impact of feedback frequency and investment flexibility (via...
Persistent link: https://www.econbiz.de/10010365910
Persistent link: https://www.econbiz.de/10013206019