We survey the theory and evidence of behavioral corporate finance, which generally takes one of two approaches. The … on their decisions. We review relevant psychology, economic theory and predictions, empirical challenges, empirical …

A rich history of theoretical models in finance shows that speculation can lead to overpricing and price bubbles. We … step, we elicit individual speculative behavior in a one-shot setting with a novel Speculation Elicitation Task (SET). In a … explanations, using a market environment introduced by Lei, Noussair, and Plott (2001) where speculation is impossible. Taken …