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Risk patterns and correlated brain activities : multidimensional statistical analysis of fMRI data with application to risk patterns

Myšičková, Alena; Song, Song; Majer, Piotr; Mohr, Peter - 2011

neuroeconomics. Here, we reanalyze functional magnetic resonance imaging (fMRI) data on 17 subjects which were exposed to an …-oxygen-level dependent (BOLD) fMRI signals. Our goal is to capture the dynamic behavior of specific brain regions of all subjects in this … subjects' decision behavior. Keywords: risk, risk attitude, fMRI, decision making, medial orbifrontal cortex, semiparametric …

Persistent link: https://www.econbiz.de/10009381742

Waterfall illusion in risky choice : exposure to outcome-irrelevant gambles affects subsequent valuation of risky gambles

Guo, Julie; Tymula, Agnieszka - In: European economic review : EER 139 (2021), pp. 1-16

Persistent link: https://www.econbiz.de/10013270142

Dynamic semiparametric factor model in applications to fMRI and interest rates

Majer, Piotr - 2015

Persistent link: https://www.econbiz.de/10010486403

Chapter 24 Agent-based Computational Finance

LeBaron, Blake - In: Handbook of computational economics : volume 2, …, (pp. 1187-1233). 2006

This chapter surveys research on agent-based models used in finance. It will concentrate on models where the use of computational tools is critical for the process of crafting models which give insights into the importance and dynamics of investor heterogeneity in many financial settings.

Persistent link: https://www.econbiz.de/10014024381

Opportunismus und Finanzmärkte : Ursachen und Konsequenzen

Thießen, Friedrich - 2011 - 1. Aufl.

Persistent link: https://www.econbiz.de/10008688443

The Psychology and Neuroscience of Financial Decision Making

Frydman, Cary - 2019

Financial decisions are among the most important life-shaping decisions that people make. We review facts about financial decisions and what cognitive and neural processes influence them. Because of cognitive constraints and a low average level of financial literacy, many household decisions...

Persistent link: https://www.econbiz.de/10012900656

Why Economic Psychology and Behavioral Finances Needs Neurosciences Knowledge to Develop a Strong and General Theory of Economic Decision Making?

da Rocha, Armando - 2020

There is nowadays an extensive literature about irrationality of the economic human decision making. Economic Psychology and Behavioral Finances attempt to provide better models of the economic and financial human reasoning, using knowledge provided by Psychology and Behavioral Sciences....

Persistent link: https://www.econbiz.de/10012836809

A conceptual model of operational risk events in the banking sector

Ferreira, Suné; Dickason Koekemoer, Zandri - In: Cogent economics & finance 7 (2019) 1, pp. 1-18

Operational risk constitutes a large portion of a bank’s risk exposure. Unlike other financial risks, operational risk is classified as a pure risk (only an opportunity of a loss), as it always leads to a financial loss for a bank. The failure to mitigate and manage operational risk...

Persistent link: https://www.econbiz.de/10014233145

Asset allocation in equity, fixed-income and cryptocurrency on the base of individual risk sentiment

Mikhaylov, Alexey; Sokolinskaya, Natalia; Lopatin, Evgeniy - In: Investment management and financial innovations 16 (2019) 2, pp. 171-181

Persistent link: https://www.econbiz.de/10012122248

Stochastic Dominance and Nonparametric Comparative Revealed Risk Aversion

Heufer, Jan - 2012

It is shown how to test revealed preference data on choices under uncertainty for consistency with first and second order stochastic dominance (FSD or SSD). The axiom derived for SSD is a necessary and sufficient condition for risk aversion. If an investor is risk averse, stochastic dominance...

Persistent link: https://www.econbiz.de/10014175928