We investigate how volatility shocks affect investors risk-taking, risk perception and forecasts. run artefactual field experiments with two participant pools (finance professionals students), differing in (i) the direction of shock (down, up, or a neutral case) (ii) presentation format time series (prices returns). Professionals investments are negatively associated price change performance st...

The study of memory for event duration in pigeons has, for the most part, centered on an unusual behavioral phenomenon and an interesting theoretical explanation for it. A typical experiment on memory for event duration involves trials initiated by a sample stimulus that is either short or long in duration (e.g., 2 vs. 10 sec of houselight) and that is later followed by the simultaneous present...

High economic performance in East Asia has motivated arguments on the sources of economic growth, including the role of the government to encourage more investment than would have been allocated by market forces. The purpose of this paper is to quantitatively investigate whether or not macroeconomic investment behavior of a growing economy can be explained by market forces. Focusing on Korea du...

in this paper disposition effect, selling winners and holding losers, in tehran stock exchange (tse) investment companies and its effect on these companies’ cash flows and performance using odean model has been reviewed and investigated. research findings show that the realized profit ratio is %19 higher than the realized loss ratio in all of investment companies in tse. this mean there is a be...

We show that, after the revelation of financial fraud in a major pension fund manager, two-thirds affected investors fail to divest. Inert are on average younger, lower SES and more influenced by default options. The majority those who divest move their money only state-run option menu. also induces small movement from non-fraudulent private investment funds state alternative. further that most...