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Using Neural Data to Test a Theory of Investor Behavior : An Application to Realization Utility

Frydman, Cary - 2015

utility" theory of investor behavior, which posits that people derive utility directly from the act of realizing gains and …

Persistent link: https://www.econbiz.de/10013036251

What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation

Barberis, Nicholas - 2006

explanation for this puzzle is based on prospect theory. Despite its prominence, this explanation has received little formal … scrutiny. We take up this task, and analyze the trading behavior of investors with prospect theory preferences. We find that …, at least for the simplest implementation of prospect theory, the link between these preferences and the disposition …

Persistent link: https://www.econbiz.de/10012779644

Style Investing

Barberis, Nicholas - 2001

We study asset prices in an economy where some investors classify risky assets into different styles and move funds back and forth between these styles depending on their relative performance. Our assumptions imply that news about one style can affect the prices of other apparently unrelated...

Persistent link: https://www.econbiz.de/10012787895