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and DRD4) are significant determinants of risk taking in investment decisions. We find that the 5-HTTLPR s/s allele …
Persistent link: https://www.econbiz.de/10015215671
When investment is repeated, previous outcomes (winning/losing) as well as the current budget level (gain/loss domain … experiments initially conducted to investigate myopic-loss-aversion. We observe that investment is related to the number of … analysis is extended to settings with restricted flexibility concerning investment. …
Persistent link: https://www.econbiz.de/10015217487
Investment behavior is traditionally investigated with the assumption that risky investment is on average advantageous …. However, this may not always be the case. In this paper, we experimentally studied investment choices made by students and … financial professionals under favorable and unfavorable market conditions in a multi-round investment game. In particular, the …
Persistent link: https://www.econbiz.de/10015218593
people to take more risk, and to be more confident in their ability to evaluate the available investment options, relative to …
Persistent link: https://www.econbiz.de/10015223926
each of the asset markets, were sufficient to cause this effect. In the second part of experiment, post hoc assessment of … risk aversion was implemented in a sample of former participants of the asset market experiment (32 persons). The presented …
Persistent link: https://www.econbiz.de/10015224080
each of the asset markets, were sufficient to cause this effect. In the second part of experiment, post hoc assessment of … risk aversion was implemented in a sample of former participants of the asset market experiment (32 persons). The presented …
Persistent link: https://www.econbiz.de/10015226714
Cumulative Prospect Theory (Kahneman, Tversky, 1979, 1992) holds that the value function is described using a power function, and is concave for gains and convex for losses. These postulates are questioned on the basis of recently reported experiments, paradoxes (gain-loss separability...
Persistent link: https://www.econbiz.de/10015227457
In functional magnetic resonance imaging (FMRI) research, nucleus accumbens (NAcc) activation spontaneously increases prior to financial risk taking. Since anticipation of diverse rewards can increase NAcc activation, even incidental reward cues may influence financial risk-taking. Using...
Persistent link: https://www.econbiz.de/10015256671
, individual differences, and emotions on behavioral responses to feedback frequency in an investment setting. Participants made … investment decisions in one of three feedback frequency conditions: (1) they received feedback after each round and had the … opportunity to make investment changes each time; (2) they received feedback after each round, but were only given the possibility …
Persistent link: https://www.econbiz.de/10015263638
five “rational” markets and most overconfident subjects formed five “overconfident” markets. The asset market experiment …
Persistent link: https://www.econbiz.de/10015240735