Investors seem to hold on to their losing stocks to a greater extent than they hold on to their winning stocks. This well-documented behavioural regularity is termed disposition effect (Shefrin and Statman, 1985). We set an experiment to replicate results from a previous study of the disposition...

I evaluate the just launched official criterion for assessing the economics research output in Brazil, called “Qualisâ€. I compare it with the simple journal impact factors released by RePEc. Four biases are identified: (1) left-wing journals have been favored, (2) mainstream British...

Applying a standard questionnaire (Lichtenstein and Fischhoff 1977) to a sample of 44 professional investors, we sought for explicit correlations between selected biological characteristics of the investors and the cognitive bias known as overconfidence. We found that both male and female...

"We examine the relationship between the US current account deficit, the international value of the dollar, and the dollar reserves of foreign central banks. The declining dollar could benefit US savers at the expense of foreign investors in the USA." Copyright (c) 2008 The Authors.