Showing 1 - 10 of 6,100
Indian Farmers continue to suffer regularly from Droughts, as a frequent natural disaster and has profound effect individually and collectively. The mental health effects of natural disaster are well known however anxiety and readiness of likely Drought is less well understood. However, in...
Persistent link: https://www.econbiz.de/10011111140
: corporate governance is best seen not as a subset of economics or even law, but instead as a subset of moral psychology. Recent … research in the nascent field of moral psychology suggests that we humans are not rational beings, particularly when we act in … veneer of rationality, to reassure ourselves of our own moral integrity and to signal our moral values to like-minded others …
Persistent link: https://www.econbiz.de/10012956978
This paper investigates how the combination of preferences and biases impact the risk-value profile of acquiring firms. We find strong evidence that prior losses impact acquisition risk as firms with negative prior returns are more prone to become acquirers and make value destructive...
Persistent link: https://www.econbiz.de/10012981708
Neoclassical Economics and the Efficient Market Hypothesis (EMH) along with all its types have been a go to for investors since decades but why do almost all speculators tend to lose money while making their financial decisions? Stock market is the most vulnerable place towards uncertainty and...
Persistent link: https://www.econbiz.de/10013307313
I propose here the psychological attraction theory of financial regulation—that regulation is the result of psychological biases on the part of political participants—voters, politicians, bureaucrats, and media commentators; and of regulatory ideologies that exploit these biases. Some key...
Persistent link: https://www.econbiz.de/10014255647
rationality losses of significance and cannot explain the evolution of trading. The economy is, however, driven by behavioral …
Persistent link: https://www.econbiz.de/10010902142
Using hand-collected TV programming data and intra-day trading data from China, we compare the trading, liquidity, and returns of on-show and off-show stocks in the same sector. Our difference-in-difference analysis reveals that post-show, off-show stocks experience significant improvements in...
Persistent link: https://www.econbiz.de/10012972436
This study attempts to illustrate the contributing factors for different patterns of crashes. In addition to the fundamental macro-economic factors, this paper argues that the existence of herding behavior as well as the level of investor attention are also important factors affecting the...
Persistent link: https://www.econbiz.de/10012953849
Assuming that agents' preferences satisfy first-order stochastic dominance, we show how the Expected Utility paradigm can rationalize all optimal investment choices: the optimal investment strategy in any behavioral law-invariant (state-independent) setting corresponds to the optimum for an...
Persistent link: https://www.econbiz.de/10013034282
. Using a data for five international capital markets in developed countries we find that the hypothesis of rationality losses …
Persistent link: https://www.econbiz.de/10013118228