منابع مشابه
Behavioral biases and investor performance
Research indicates that individual investors trade excessively and underperform the market indices, Barber and Odean (2000). The purpose of this paper is to help explain which behavioral biases, if any, can explain this result using a simulation approach. Results indicate that putting too much weight on the current environment, anchoring, is the largest factor in explaining individual investor ...
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László Zsolt Garamszegi, Sara Calhim, Ned Dochtermann, Gergely Hegyi, Peter L. Hurd, Christian Jørgensen, Nobuyuki Kutsukake, Marc J. Lajeunesse, Kimberly A. Pollard, Holger Schielzeth, Matthew R.E. Symonds, and Shinichi Nakagawa Department of Evolutionary Ecology, Estación Biológica de Doñana-CSIC, c/Americo Vespucio, s/n, 41092, Seville, Spain, Department of Biology, Queen’s University, Kings...
متن کاملBehavioral Biases and Investor Behavior: Predicting the Next Step of a Random Walk (Revisited and Extended)
Bloomfield and Hales (2002) (BH) reports results from experiments that support the existence of regime-shifting beliefs of the type theorized by Barberis, Shleifer, and Vishny (1998) (BSV). We revisit and extend the BH experiments to provide new evidence on BSV and on a competing model by Rabin (2002). We first argue that the BH experiments cannot provide a definitive test of BSV because the se...
متن کاملOn optimal investment for a behavioral investor in multiperiod incomplete market models
We provide easily verifiable conditions for the well-posedness of the optimal investment problem for a behavioral investor in an incomplete discrete-time multiperiod financial market model, for the first time in the literature. Under suitable assumptions we also establish the existence of optimal strategies. Keyword : Optimisation, existence and well-posedness in behavioral finance, “S-shaped” ...
متن کاملThe Effect of Investor Protection
This paper tests the hypotheses that poor investor-protection environments lead to higher information asymmetry in security markets. We compare China-based stocks, which operate in a relatively unprotected environment, to Hong Kong-based stocks. The information component in the market friction of China stocks is shown to be up to 20% larger than that of Hong Kong-based stocks. The effect is rob...
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ژورنال
عنوان ژورنال: International Journal of Business and Management
سال: 2013
ISSN: 1833-8119,1833-3850
DOI: 10.5539/ijbm.v8n24p17