We analyze a unique, comprehensive, multi-decade dataset of all communications with clients by a boutique investment … advisory and investment management firm to explore the behavior of individuals involved in financial decision making. We … propose and test a theory of self-regulation to explain both the appeal and the value of investment managers to individual …

We review the long-term investment performance of three important categories of emotional assets — stamps, art, and … investment risk is further augmented by collectibles' exposure to fluctuating tastes and fads, and their vulnerability to frauds …. Finally, indirect investment in emotional asset markets comes with its own set of problems. The available evidence thus …

Recent studies suggest that investor emotions might cause securities to be mispriced. We build an investment strategy …