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particular, we found that optimism and anxiety were a liability in unfavorable markets, leading to unreasonable levels of risk …. Impulsivity was a liability in both favorable and unfavorable markets, leading to high risk on unfavorable markets, and low risk … in favorable markets. Openness to experience was an asset in unfavorable markets, leading to adjusted risk taking …
Persistent link: https://www.econbiz.de/10015218593
Expected utility theory views the individual investment decision as a tradeoff between immediate consumption and … deferred consumption. But individuals do not always prefer according to the classical theory of economics. Recent studies on … investment decisions in stock market. The present study considers this theory of irrationality of individual investors and …
Persistent link: https://www.econbiz.de/10015226221
We examine whether investing experience can dampen the disposition effect, that is, the fact that investors seem to hold on to their losing stocks to a greater extent than they hold on to their winning stocks. To do so, we devise a computer program that simulates the stock market. We use the...
Persistent link: https://www.econbiz.de/10015235215
The global warming crisis is unlikely to abate while the world continues to collectively fund the extraction and burning of fossil fuels. Carbon divestment is urgently needed to ward off the impending climate emergency. Yet responsible investments still only account for a modest share of global...
Persistent link: https://www.econbiz.de/10015271266
A possibility of the existence of a discontinuity of Prelec’s (probability weighting) function at the probability p = 1 is discussed. This possibility is supported by the purely mathematical theorems and the “certain–uncertain” inconsistency of the random–lottery incentive experiments....
Persistent link: https://www.econbiz.de/10015247773
How polarized is Russian society regarding the war in Ukraine? Political views affect various behaviors, including relationship formation. This study conducts a field experiment on a large Russian dating site and gathers data from over 3,000 profile evaluations. The findings reveal significant...
Persistent link: https://www.econbiz.de/10015213370
How polarized is Russian society regarding the war in Ukraine? Political views affect various behaviors, including relationship formation. This study conducts a field experiment on a large Russian dating site and gathers data from over 3,000 profile evaluations. The findings reveal significant...
Persistent link: https://www.econbiz.de/10015213371
Non-monetary incentives are increasingly being studied in encouraging energy conservation. In light of this, we conducted a natural field experiment in student dormitories to assess the effect of honor-based incentives and goal setting on electricity saving and the intrinsic motivation to save...
Persistent link: https://www.econbiz.de/10015213428
Political views affect various behaviors, including relationship formation. This study conducts a field experiment on a large Russian dating site and gathers data from over 3,000 profile evaluations. The findings reveal significant penalties for those who express pro-war or anti-war positions on...
Persistent link: https://www.econbiz.de/10015214041
Cellular manufacturing (CM) is an important application of group technology (GT) that can be used to enhance both flexibility and efficiency in today’s small-to-medium lot production environment. The crucial step in the design of a CM system is the cell formation (CF) problem which involves...
Persistent link: https://www.econbiz.de/10015214957