ehavioral finance can shed light on many areas of investing, including valuation. In this presentation, I will discuss some of the key behavioral phenomena and how they relate to particular issues associated with analyst perceptions about returns (namely, representativeness and affect). I will then compare returns for what I call “behavioral mean– variance portfolios” with those of traditional ...

Prospect theory and its evolution, the behavioural finance, suggests that investment decisions could deviate from rationality. This study aims to investigate biases influence of stock market investors in Sri Lanka. We have collected primary data 250 active Colombo Stock Exchange. used Structural Equation Modelling technique test our hypotheses. find overconfidence bias herding significantly Mor...

Abstract How can cognitive biases affect the birth and evolution of entrepreneurial ventures? In Entrepreneurial Decision Making (EDM), this lively research question remains largely unaddressed when world Unicorns, as a per se species, is considered. Thus, through conceptual article, we aim to contribute toward knowledge creation in context. We start by proposing framework Unicorns’ EDM based o...

BACKGROUND The ability to recognize the faces of potential cooperators and cheaters is fundamental to social exchanges, given that cooperation for mutual benefit is expected. Studies addressing biases in face recognition have so far proved inconclusive, with reports of biases towards faces of cheaters, biases towards faces of cooperators, or no biases at all. This study attempts to uncover poss...

Drawing from substantial evidence demonstrating cognitive biases in depression at various stages of information processing (i.e., attention, interpretation, memory, cognitive control), we argue for an approach that considers the interplay among these processes. This paper attempts to apply the combined cognitive bias hypothesis (Hirsch, Mathews, & Clark, 2006) to depression research and reviews...

Handedness/footedness and side biases are a well-known phenomenon in many animals, including humans. However, these so-called biases have mostly been studied at the population level--individual biases have received less attention, especially with regard to consistency over different tasks. Here we investigate behavioral lateralization in 12 male Budgerigars, Melopsittacus undulatus, a social pa...

This study examines how six behavioral biases (availability bias, self-control overconfidence prejudice an illusion of control, and representative prejudice) affect investing decisions moderated by emotional Stability. The employs a theoretical model based on finance theories hypothetic-deductive methodology. Demographic information 237 active traders the stock exchange has been examined throug...