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We examine whether investing experience can dampen the disposition effect, that is, the fact that investors seem to hold on to their losing stocks to a greater extent than they hold on to their winning stocks. To do so, we devise a computer program that simulates the stock market. We use the...
Persistent link: https://www.econbiz.de/10015235215
A recent population-wide study for Germany, where credit lines on current accounts are available to 80 percent of the population, finds that overdraft debt is more likely for people who give intuitive but incorrect answers on a cognitive reflection test. This suggests those consumers in debt...
Persistent link: https://www.econbiz.de/10015256270
We experimentally assess the disposition effect and return performance, using electroencephalogram to measure the brain activity of the participants. The design of the experiment follows a previous protocol (Frydman et al., 2014). Our sample was made up of 12 undergraduates (all male, age range...
Persistent link: https://www.econbiz.de/10015258651
We assess the psychophysiological characteristics underlying the disposition effect and find that subjects showing greater disposition effect are those who sweat more and present lower body temperature and heart rate.
Persistent link: https://www.econbiz.de/10015237755
Group thinking is the notion that natural selection favors what is good for the group or the species, not for the individual. Most mainstream evolutionary biology rejects this idea and natural selection is viewed as working on the individual’s genes to promote their own survival and...
Persistent link: https://www.econbiz.de/10011108187
Why not set up some public-service robot traders to counteract the behavior of traders when it snowballs into extreme moves? I show a blueprint of how this can be accomplished taking advantage of the theory of complex systems.
Persistent link: https://www.econbiz.de/10011108775
This essay asserts that the mutual gains accruing from the exchange of goods between siblings can moderate the famous parent-offspring conflict, an issue of interest in evolutionary biology. The rationale combines basic concepts of economics and behavioral genetics, and fills in the gaps of...
Persistent link: https://www.econbiz.de/10011109254
Undergraduates were given a battery of psychological tests to gauge their degree of antisocial personality traits (psychopathy, Machiavellianism and nihilism). The students also responded to questionnaires to assess their attitudes toward risk and intertemporal choice. Biological attributes of...
Persistent link: https://www.econbiz.de/10011109914
Group thinking is the notion that animals do those things that maximize the chance of survival of their species. It is wrong because natural selection does not favor what is good for the group or the species; it favors what is good for the individual. Here, I show through examples how group...
Persistent link: https://www.econbiz.de/10011111886
By combining basic concepts from economics and genetic economics, I elaborate a rationale for the mutual gains from the exchange of goods between siblings to moderate the famous parent-offspring conflict, an issue of interest for evolutionary psychology. The rationale also fills in the gaps of...
Persistent link: https://www.econbiz.de/10011114279