Purpose: The purpose of this paper is to examine the relationship between psychopathy and its underlying traits and financial risk and time preferences. Design/methodology/approach: The authors measure risk and time preferences using both the cumulative prospect theory and quasi-hyperbolic time...

Can an understanding of mood help us understand aspects of systematic risk, volume and portfolios' exposure to systematic risk during bear-market regimes? We hypothesize that bear markets are associated with negative emotions: either a low-arousal negative state (e.g. sadness and depression) or...

We examine 13 of the new markets of Eastern Europe from the time of their inception to the end of 2001. In six of those markets - Hungary, Poland, the Czech Republic, Slovenia, Russia and Estonia - we find behaviour consistent with investors following 'quasi-rational' strategies in the years...

Purpose – The purpose of this paper is to systematically profile investors’ personality traits to examine if, and how, those traits are associated with phenomena observed in financial markets. In particular, the paper looks at overconfidence and overreaction in an experimental foreign...