Probability misestimation and preferencesin financial investment decision

We study the influence of systematic probability misestimation on complexfinancial investment decisions on the context of structured financialproducts. Structured products have in recent years become more and morecomplex. We study the question whether this complexity might be a sophisticatedmethod to exploit systematic biases in probability estimation ofinvestors in order to make products look safer and more attractive than theyactually are.[...]

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Year of publication:	2008-11-21
Authors:	Rieger, Marc Oliver
Institutions:	Institut für Schweizerisches Bankwesen <Zürich>
Subject:	Finanzierung \| finance \| Index \| Investitionsentscheidung

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Extent:	266240 bytes 21 p. application/pdf
Series:	Universität Zürich - Institut für Schweizerisches Bankwesen - Research Papers Research Paper ; Nov. (2008) FINRISK Working Paper Series ; No 511
Type of publication:	Book / Working Paper
Language:	English
Classification:	C9 - Design of Experiments ; D84 - Expectations; Speculations ; G11 - Portfolio Choice ; G21 - Banks; Other Depository Institutions; Mortgages ; Capital budgeting, budgetary planning and budgetary control ; Employment of capital, capital investment planning and estimate of investment profitability ; Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005868835