two-asset problem of the PT investor for one risk-free and one risky asset and find that loss aversion and the reference … aversion and compare their portfolio performance with the performance of investors under CVaR, risk neutral, linear loss averse … investment outperforms MV investment in the US. Similar results, however, can not be observed in Europe. Finally, we analyze …

, overconfidence bias, and regret aversion bias) and investment decisions through a meta-analysis approach. Design … at how emotional biases (loss aversion bias, regret aversion bias, and overconfidence bias) affect investment decisions … analysed 31 empirical studies and found a significant positive correlation between emotional biases and investment decisions …

worker will allocate some of her time to leisure and will hold both jobs in order to diversify risk and reduce income loss …

Companies are increasingly adopting Artificial Intelligence (AI) today. Recently however debates started over the risk … incipient and focuses on observable biases. We provide a short synthesis of cognitive biases and their potential risk of being … replicated in AI-based choice prediction. We also discuss for the first time the risk of unobservable biases, which affect choice …

weighting functions for the risky prospects placed 6 and 12 months into the future. The experiment is used to test whether …

. Design/methodology/approach The paper opted for a laboratory experiment in which subjects perform two sequences of risky … choices before and after the transfer of money are used to estimate risk attitudes and analyze whether the transfer of money … affected attitudes to risk. Findings The author finds that the money gain does not change subjects' risk preferences - neither …