Behavioural biases in investment decision making–a systematic literature review
Purpose–The purpose of this paper is to systematically review the literature published in
past 33 years on behavioural biases in investment decision-making. The paper highlights …
past 33 years on behavioural biases in investment decision-making. The paper highlights …
Behavior biases and investment decision: theoretical and research framework
SK Mittal - Qualitative Research in Financial Markets, 2022 - emerald.com
Purpose This paper developed a theoretical and research framework by identifying the
behavioral biases in investment decision and by presenting a review of the available …
behavioral biases in investment decision and by presenting a review of the available …
Short-and long-horizon behavioral factors
We propose a theoretically motivated factor model based on investor psychology and
assess its ability to explain the cross-section of US equity returns. Our factor model …
assess its ability to explain the cross-section of US equity returns. Our factor model …
Prospect theory, mental accounting, and momentum
M Grinblatt, B Han - Journal of financial economics, 2005 - Elsevier
The tendency of some investors to hold on to their losing stocks, driven by prospect theory
and mental accounting, creates a spread between a stock's fundamental value and its …
and mental accounting, creates a spread between a stock's fundamental value and its …
The disposition effect and underreaction to news
A Frazzini - The Journal of Finance, 2006 - Wiley Online Library
This paper tests whether the “disposition effect,” that is the tendency of investors to ride
losses and realize gains, induces “underreaction” to news, leading to return predictability. I …
losses and realize gains, induces “underreaction” to news, leading to return predictability. I …
Investor overconfidence and trading volume
The proposition that investors are overconfident about their valuation and trading skills can
explain high observed trading volume. With biased self-attribution, the level of investor …
explain high observed trading volume. With biased self-attribution, the level of investor …
Fight or flight? Portfolio rebalancing by individual investors
This paper investigates the dynamics of individual portfolios in a unique data set containing
the disaggregated wealth of all households in Sweden. Between 1999 and 2002, we …
the disaggregated wealth of all households in Sweden. Between 1999 and 2002, we …
Evidence on rationality and behavioural biases in investment decision making
Purpose The purpose of this paper is to investigate the relationship between rational
decision-making and behavioural biases among individual investors in India, as well as to …
decision-making and behavioural biases among individual investors in India, as well as to …
Mediating role of risk perception between behavioral biases and investor's investment decisions
This study aims to examine the direct and indirect links between behavioral biases and
investor's investment decisions via the mediating role of risk perception through structural …
investor's investment decisions via the mediating role of risk perception through structural …
Perspectives on behavioral finance: Does" irrationality" disappear with wealth? Evidence from expectations and actions
A Vissing-Jorgensen - NBER macroeconomics annual, 2003 - journals.uchicago.edu
This paper discusses the current state of the behavioral finance literature. I argue that more
direct evidence about investors' actions and expectations would make existing theories …
direct evidence about investors' actions and expectations would make existing theories …