A pervasive feature in the finance industry is relative performance, which can include extrinsic (money), intrinsic (self-image), and reputational (status) motives. In this paper, we model a portfolio decision with two assets investigate how motives (i.e., public announcement of winners or losers) influence risk-taking investment decisions vis-a-vis We test our hypotheses experimentally 864 stu...

We survey 2484 U.S. individuals with at least $1 million of investable assets about how well leading academic theories describe their financial beliefs and personal investment decisions. The wealthy's markets the economy are surprisingly similar to those average household, but wealthy less driven by discomfort market, constraints, labor income considerations. Portfolio equity share is most affe...

Ignoring endogeneity when assessing investors’ decisions carries the risk of biased estimates for influence exogeneous marketing variables. This study shows how to overcome this challenge by using Pólya trees in quantification impacts on decisions. A total 2255 investors recruited received and opened a digital newsletter about investing daily. Given nature characterized heterogeneity endogeneit...

A new network representation to study the impact of capital and research & development (R&D) investment decisions on the evolution of biomass to commodity chemicals technologies is presented. The corresponding mathematical programming formulation is developed. The model is solved for a simplified ethylene production scenario to demonstrate its ability to predict the capacity expansion and R&D i...