Results 281 to 290 of about 277,775 (307)
Behavioral biases and cognitive reflection [PDF]
Economics Letters, 2009 In a large-scale laboratory experiment, we investigate whether subjects' scores on the cognitive reflection test (CRT) are related to their susceptibility to the base rate fallacy, the conservatism bias, overconfidence, and the endowment effect.
Eva I. Hoppe, David J. Kusterer
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Biases in Perceptions, Beliefs and Behavior [PDF]
SSRN Electronic Journal, 2004 This paper presents a model where individuals have imperfect information about their preferences (or the environment) and there is an opportunity cost of learning. It shows that the endogenous decision to collect information before taking an action creates a systematic bias in the aggregate behavior of a population of rational, profit-maximizing agents.
Juan D. Carrillo +2 more
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Review of Law & Economics, 2021
Abstract Empirical and experimental evidence shows that individuals exhibit behavioral biases in their decision-making processes that depart from the full rationality paradigm. This paper discusses the effectiveness of alternative debiasing strategies, designed to induce socially preferable outcomes. Following Jolls, C. and Sunstein, C.R.
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Abstract Empirical and experimental evidence shows that individuals exhibit behavioral biases in their decision-making processes that depart from the full rationality paradigm. This paper discusses the effectiveness of alternative debiasing strategies, designed to induce socially preferable outcomes. Following Jolls, C. and Sunstein, C.R.
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Faith in intuition and behavioral biases
Journal of Economic Behavior & Organization, 2012Abstract We use a 15-item self-report questionnaire known as “Faith in Intuition” to measure reliance on intuitive decision making, and ask whether the latter correlates with behavioral biases involving a failure of Bayesian updating. In a first experiment, we find that higher report scores are associated with an increased use of the ...
Alós-Ferrer, Carlos +1 more
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Health Habits and Behavioral Biases
SSRN Electronic Journal, 2020We examine the relationship between body mass index (BMI), health habits, and financial risk and time preferences. Using a sample of 128 undergraduate business students, we find that participants with higher BMI exhibit greater utility function curvature, greater loss aversion, and greater inability to delay gratification.
Fernando Patterson, Corey A. Shank
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Behavioral Biases in Annuity Choice: An Experiment [PDF]
SSRN Electronic Journal, 2009 We conduct a neutral-context laboratory experiment to systematically investigate the role of the hit-by-bus concern in explaining the annuitization puzzle: the low rate of retirement-asset annuitization relative to the predictions of standard models. We vary endowed asset (annuity vs. stock of wealth vs.
Robert S. Gazzale, Lina Walker
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Complementarity of behavioral biases
Theory and Decision, 2011I investigate the complementarity of behavioral biases in a simple investment problem. The agent has incomplete knowledge about the correlation between fitness and the decision environment. Nature endows the agent with a decision procedure so that the induced action can reflect this correlation. I show that the agent with this decision procedure always
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AIMR Conference Proceedings, 1995
Alphas have two sources—unique information or the ability to exploit somebody else’s behavioral bias. The research reported here explored the relationship of low and high predictability (past forecast errors of earnings per share) to investor returns. Surprisingly, high-predictability stocks provided higher returns with substantially less risk than low-
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Alphas have two sources—unique information or the ability to exploit somebody else’s behavioral bias. The research reported here explored the relationship of low and high predictability (past forecast errors of earnings per share) to investor returns. Surprisingly, high-predictability stocks provided higher returns with substantially less risk than low-
openaire +2 more sources