Similar Search Results

Household finances and the "Big Five" personality traits

Brown, Sarah; Taylor, Karl - 2011

We explore the relationship between household finances and personality traits from an empirical perspective. Specifically, using individual level data drawn from the British Household Panel Survey, we analyse the influence of personality traits on financial decision-making at the individual...

Persistent link: https://www.econbiz.de/10010282544

Integrating personality psychology into economics

Heckman, James J. - 2011

This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists have much to learn from and contribute to personality psychology.

Persistent link: https://www.econbiz.de/10010280682

Establishing a link between risk tolerance, investor personality and behavioural finance in South Africa

Dickason, Zandri; Ferreira, Sune - In: Cogent Economics & Finance 6 (2018) 1, pp. 1-13

, further research within a South African context was regarded as necessary. Results indicated that investors with a low …. Investors with a high-risk tolerance level are mostly subject towards the self-control bias. The significance of this study will … enable investment companies to more accurately profile their investors and to offer more refined investment options. …

Persistent link: https://www.econbiz.de/10012657457

Managerial overconfidence and corporate risk management

Adam, Tim R.; Fernando, Chitru S.; Golubeva, Evgenia - 2012

We show that managerial overconfidence, which has been found to influence a number of corporate financial decisions, also affects corporate risk management. We find that managers increase their speculative activities using derivatives following speculative gains, while they do not reduce their...

Persistent link: https://www.econbiz.de/10010281528

Behavioural characteristics and financial distress

McCarthy, Yvonne - 2011

Using a new nationally representative survey of financial capability and experience in the UK and Ireland, I investigate the key factors that cause individuals to experience financial distress. In this context, a key area that I focus on is whether individuals’ behavioural traits, such as...

Persistent link: https://www.econbiz.de/10011605349

Biases of professional exchange rate forecasts: Psychological explanations and an experimentally based comparison to novices

Leitner, Johannes; Schmidt, Robert; Bofinger, Peter - 2003

The empirical performance of macroeconomic exchange rate models is more than disappointing. This dismal result is also reflected in the forecasting capabilities of professional analysts: all in all, analysts are not in a position to beat naïve random walk forecasts. The root for this deficient...

Persistent link: https://www.econbiz.de/10010305737

Cooling-Off in Negotiations - Does It Work?

Oechssler, Jörg; Roider, Andreas; Schmitz, Patrick W. - 2009

Negotiations frequently end in conflict after one party rejects a final offer. In a large-scale internet experiment, we investigate whether a 24-hour cooling-off period leads to fewer rejections in ultimatum bargaining. We conduct a standard cash treatment and a lottery treatment, where subjects...

Persistent link: https://www.econbiz.de/10011422173

Behavioral Biases in Marketing

Guhl, Daniel; Klapper, Daniel; Massner, Katharina; … - 2017

Psychology and economics (the mixture of which is known as behavioral economics) are two fundamental disciplines underlying marketing. Various marketing studies document the non-rational behavior of consumers, even though behavioral biases might not always be consistently termed or formally...

Persistent link: https://www.econbiz.de/10011932916

Savings and prize-linked savings accounts

Atalay, Kadir; Bakhtiar, Fayzan; Cheung, Stephen L.; … - 2012

Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that Prize-Linked Savings (PLS) accounts, that combine...

Persistent link: https://www.econbiz.de/10010289923

Barriers to household risk management: Evidence from India

Cole, Shawn; Giné, Xavier; Tobacman, Jeremy; Topalova, … - 2009

Financial engineering offers the potential to significantly reduce the consumption fluctuations faced by individuals, households, and firms. Yet much of this potential remains unfulfilled. This paper studies the adoption of an innovative rainfall insurance product designed to compensate...

Persistent link: https://www.econbiz.de/10010283568

1
2
3
4
5
6
7
8
9
10
Next
Last