Category: Research
12/22/12
Important academic paper to "calibrate" judgement related to corporate decision making:
Ben-David, Itzhak, Graham, John R. and Harvey, Campbell R., Managerial Miscalibration (August 8, 2012). Charles A. Dice Center Working Paper No. 2010-12; Fisher Co… more »
10/22/12
Wall Street Investing: Battle Human Nature & Be Zenlike from The Big Picture on FORA.tvrong> Behavioral Economics, Mental Accounting, Home Bias more »
10/18/12
Ippei Fujiwara, Hibiki Ichiue, Yoshiyuki Nakazono, Yosuke Shigemi, Globalization and Monetary Policy Institute Working Paper, Federal Reserve Bank of Dallas, 2012
Abstract:
"We test whether professional forecasters forecast rationally or behaviora… more »
10/13/12
Roy F. Baumeister, Todd F. Heatherton, Dianne M. Tice, When Ego Threats Lead to Self-Regulation Failure:Negative Consequences of High Self-Esteem, Journal of Personality and Social Psychology1993, Vol. 64, No. 1,141-156The tendency for people wit… more »
10/09/12
David K. Levine, Salvatore Modica, Federico Weinschelbaum, Felipe Zurita, Evolving to the Impatience Trap: The Example of the Farmer-Sheriff Game, Working Paper 2012-033A, Federal Reserve Bank of St. Louis, 2012
Abstract:
"The literature on the evo… more »
10/04/12
Kaplanski, Guy and Levy, Haim, Investment Choices with Envy and Altruism (September 19, 2012). Available at SSRN: http://ssrn.com/abstract=2148874Abstract: "Our experiment reveals that envy and altruism strongly affect the utility of investm… more »
04/05/12
Are we really as altruistic as we might like to think?Keywords: Altruism, Self-Interest more »
10/22/11
NYT: Don’t Blink! The Hazards of Confidence, Oct. 19, 2011Keywords: Judgement, Reasoned Evaluation, "Illusion of Validity" more »
09/27/11
Economist: Rogue hormones; Bad trade? Blame the adrenal cortex, Sept. 24, 2011
IF THE losses at UBS that surfaced this month were caused by a “rogue” trader, would that make his colleagues stable? Not if research being undertaken by John Coates, a neu… more »
09/17/11
The Marvels and the Flaws of Intuitive Thinking, Daniel Kahneman, Nobelprize WinnerKeywords: Psychology, Behavioral Finance more »
09/04/11
NYT: The Beauty Contest That’s Shaking Wall St., by Robert J. Shiller, Sept. 3, 2011
THE extraordinary surge of stock market volatility during the last month can’t be explained by conventional means. Yes, hundreds of scholarly papers have tried to p… more »
08/20/11
I find following thoughts extremely valuable. Experiences during the financial crisis have "put risk capital on the sideline". It will be key that investors regain confidence.
Andrew G Haldane, Executive Director, Financial Stability and Member of the… more »
06/24/11
Professor Renata Salecl explores the paralysing anxiety and dissatisfaction surrounding limitless choice. Does the freedom to be the architects of our own lives actually hinder rather than help us? Does our preoccupation with choosing and consuming actua… more »
05/23/11
Following reasearch does say NO:
Vissing-Jorgensen, Annette, Perspectives on Behavioral Finance: Does 'Irrationality' Disappear with Wealth?, Kellogg School of Management, Northwestern University, June 2003
Abstract:
"The paper discusses t… more »
05/22/11
Jensen, Michael C. and Meckling, William H., The Nature of Man. Michael C. Jensen, Foundations of Organizational Strategy, Harvard University Press, 1998; Journal of Applied Corporate Finance, 1994Keywords: Human Behavior, Rationality, Self Interest,… more »
05/15/11
Robert H. Frank explains that worrying constantly can contribute positively to human development:
"The human brain was formed by relentless competition in the natural world, so it should be no surprise that we adapt quickly to changes in circumstances… more »
05/10/11
Kuhnen, Camelia M., Samanez-Larkin, Gregory R. and Knutson, Brian, Serotonin and Risk Taking: How do Genes Change Financial Choices? (March 7, 2011). Available at SSRN: http://ssrn.com/abstract=1780552
Abstract:
"Financial decision making h… more »
04/24/11
Dan Ariely explains that we are all "predictably irrational":
Keywords: Dan Ariely, Behavioral Economics, Irrational Behavior more »
Brenner, Menachem, Izhakian, Yehuda and Sade, Orly, Ambiguity and Overconfidence (February 24, 2011). Available at SSRN: http://ssrn.com/abstract=1773663
Abstract:
"There are two phenomena in behavioral finance and economics which are seemingly unr… more »
04/17/11
An experiment at GMU shows that having a great reputation does not prevent people from cheating:Hao, Li and Houser, Daniel, Honest Lies (March 6, 2010). GMU Working Paper in Economics No. 11-16. Available at SSRN: http://ssrn.com/abstract=1801546… more »
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