The aim of this study is to find the effect of trader’s biorhythmic cycles on their perceptual decisions in Tehran Stock Exchange. According to author’s point of view, decision making is one of the major factors of management skills, and in some cases, it is equivalent of management (Simon’s point of view). Also considering this fact that the knowledge of psychological factors and it’s effects ...

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...

a Prairie View A&M University, Accounting, Finance, and MIS, 1501 Harvey Road #526, College Station, TX 77840, United States Department of Social and Behavioral Sciences, The School of Humanities and Social Sciences, European University Cyprus (formerly Cyprus College), 6 Diogenes Street, Engomi, P.O. Box 22006, 1516 Nicosia, Cyprus Department of Hotel and Tourism Management, Cyprus University ...

This paper considers the optimal control of time varying continuous time Markov chains whose transition rates are themselves Markov processes. In one set of problems the solution of an ordinary differential equation is shown to determine the optimal performance and feedback controls, while some other cases are shown to lead to singular optimal control problems which are more difficult to solve....

Recent financial woes in America have prompted a closer look at the relationship between the health of an economy and the decisions of its households. The Great Recession, in particular, was driven partly by mounting household debt and plummeting household spending. Now, while the rebounding savings rate has reversed a longstanding trend, it has weakened the economic recovery. In “Consumption a...

Neural networks have been applied successfully to a broad range of fields such as finance, data mining, medicine, engineering, geology, physics and biology. In finance, neural networks have been used for stock market prediction, credit rating, bankruptcy prediction and economic indicator forecasts. In medicine, neural networks have been used extensively in medical diagnosis, detection and evalu...

In view of the challenges facing the neoclassical paradigm of economy, behavioral finance which offers an alternative way of looking at the processes taking place in capital markets is growing in importance. By referring to psychology and pointing out the imperfections of a human mind, it reveals mistakes committed by both individual and professional investors. In the 2008 financial crisis, beh...

Key findings in behavioral economics are that people’s behavior (revealed preferences) is often not in line with their intentions (normative preferences), that they are sensitive to the way choices are presented to them, and that their cognitive abilities are limited. This is manifest in particular in areas of intertemporal choice, like personal finance and health-related behavior. Policy maker...

Investigating the performance of companies is one of the most important issues for the users of accounting information. The purpose of this study was to provide evidence about the effect of asymmetric appropriateness on investors' expectations. The results of the research on accepted companies In the Tehran Stock Exchange during the period from 2012 to 2016. To collect data, a library method wa...