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Behavioral Biases and Judicial Decision-Making in Brazil [PDF]
Behavioral SciencesWe identify and present Brazil’s most common behavioral and heuristic biases in judicial decision-making. Through bibliographic and specific cases, we notice the occurrence of the representativeness heuristic, availability heuristic, anchoring heuristic (
Benjamin Miranda Tabak +3 more
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An inclusive taxonomy of behavioral biases [PDF]
European Journal of Government and Economics, 2017 This paper overviews the theoretical and empirical research on behavioral biases and their influence in the literature. To provide a systematic exposition, we present a unified framework that takes the reader through an original taxonomy, based on the ...
David Peón +2 more
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RETRACTED: An empirical assessment of financial literacy and behavioral biases on investment decision: Fresh evidence from small investor perception [PDF]
Frontiers in Psychology, 2022 To have enough financial literacy, an investor must be able to make intelligent investment choices, and on the other hand, the heuristic bias, the framing effect, cognitive illusions, and herd mentality are all variables that contribute to the formation ...
Sun Weixiang +3 more
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Cognitive Abilities and Behavioral Biases [PDF]
Journal of Economic Behavior & Organization, 2008 We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the cognitive reflection test of Frederick [Frederick, S., 2005.
Jörg Oechssler +2 more
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Behavioral Biases and Investment [PDF]
Review of Finance, 2005 We investigate the way investors react to prior gains/losses. We directly examine investor reactions to different definitions of gains and losses (i.e., overall wealth, paper gains and losses, and realized capital gains and losses) and investigate how gains and losses in one category of wealth (e.g., real estate) affect holdings in other categories (e ...
Massimo Massa, Andrei Simonov
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Personality Traits and Susceptibility to Behavioral Biases among a Sample of Polish Stock Market Investors [PDF]
International Journal of Management and Economics, 2015 The aim of this paper is to investigate whether susceptibility to selected behavioral biases (overconfidence, mental accounting and sunk-cost fallacy) is correlated with the Eysenck’s [1978] personality traits (impulsivity, venturesomeness, and empathy).
Rzeszutek Marcin
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Do Behavioral Biases Affect Prices? [PDF]
SSRN Electronic Journal, 2005 ABSTRACTThis paper documents strong evidence for behavioral biases among Chicago Board of Trade proprietary traders and investigates the effect these biases have on prices. Our traders appear highly loss‐averse, regularly assuming above‐average afternoon risk to recover from morning losses.
Joshua D. Coval, Tyler Shumway
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BEHAVIORAL BIASES IN TRADING SECURITIES [PDF]
Annals of the University of Oradea: Economic Science, 2010 The main thesis of this paper represents the importance and the effects that human behavior has over capital markets. It is important to see the link between the asset valuation and investor sentiment that motivate to pay for an asset a certain prices ...
Turcan Ciprian Sebastian +2 more
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Asset price formation and behavioral biases [PDF]
Review of Behavioral Finance, 2016 Purpose The purpose of this paper is to examine the debate on whether psychology affects asset prices using agent-based modeling. Design/methodology/approach The authors set up three simulation regimes where the first regime contains fundamental investors who invest based on the mean-variance framework.
Todd Feldman, Gabriele M. Lepori
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Generational theory of behavioral biases in investment behavior
Borsa Istanbul Review, 2023 This paper proposes that millennials' investing behavior is driven by generational biases—investment-related biases that millennials share. The results of an online survey of 516 millennial investors revealed that generational biases—fear of missing out,
Hadiya Altaf, Anisa Jan
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