The purpose of this research is to analyze (1) the influence financial literacy on behavior (2) effect gender (3) age (4) academic ability (5) residence . population in study were all active D3 students Business Administration Study Program, State Polytechnic Malang, consisting 547 people. sample was selected using clustered proportional sampling obtain a total 116 students. data are primary an...

In everyday economic life, the endowment effect is a very frequent occurrence. It describes phenomena wherein person values possession more highly when they own it than do not. At present, psychological mechanism of this phenomenon mainly explained by loss aversion, but theory has great defects. A theoretical area behavioral finance effect. order to analyze traits financial market subjects (dec...

This article focuses on the analysis of financial time series and their correlations. A method is used for quantifying pattern based correlations of a time series. With this methodology, evidence is found that typical behavioral patterns of financial market participants manifest over short time scales, i.e., that reactions to given price patterns are not entirely random, but that similar price ...

We perform an experimental study of complexity to assess its effect on trading behavior, price volatility, liquidity, and trade efficiency. Subjects were asked to deduce the value of a particular asset from information they were given about the composition and price of several portfolios. Following that, subjects traded with each other anonymously in a well-defined, simple bargaining process. P...

We conduct a series of field experiments to evaluate the quality of advice provided by life insurance agents in India. Agents overwhelmingly recommend unsuitable, strictly dominated products, which provide high commissions to the agent. Agents cater to the beliefs of uninformed consumers, even when those beliefs are wrong. We test whether regulation or the market can improve advice. A natural e...

Bu çalışmanın amacı, hisse senetlerini elinde tutma sürelerinin yatırımcıların sosyo-ekonomik özelliklerine göre değişip değişmediğini belirlemektir. Logit model sonuçlara göre, Türkiye’deki BİST yatırımcılarının meslek, en fazla yatırım yapılan varlık türü, senedi süresi, yıllık tutarı ve her gün piyasayı takip etme değişkenleri ile senedini süresi arasında anlamlı bir ilişki olduğu belirlenmi...

Risk is one of the key aspects in financial decision-making and therefore an integral part behavioral economics finance literature. Focusing on conceptualization term risk, which researchers have addressed from numerous angles, this comment aims to offer a critical perspective interactions between risk preferences (a latent trait), perceptions (how individuals judge whether something risky), ri...