Behavioral finance studies the application of psychology to finance, with a focus on
individual-level cognitive biases. I describe here the sources of judgment and decision …

We investigate the impact of enterprise digital transformation on the breadth of ownership
and stock price volatility. Our findings demonstrate that enterprise digital transformation has …

This paper reviews the relatively more recent literature on equity home bias–the empirical
finding that people overinvest in domestic stocks relative to the optimal investment portfolio …

We investigate the effect of innovativeness on crowdfunding outcomes. Because
crowdfunding campaigns characterized by greater incremental innovativeness are more …

We test the relation between ambiguity aversion and five household portfolio choice
puzzles: nonparticipation in equities, low allocations to equity, home-bias, own-company …

People are more willing to bet on their own judgments when they feel skillful or
knowledgeable. We investigate whether this “competence effect” influences trading …

We show that familiarity affects the portfolio decisions of mutual fund managers. Controlling
for fund location, funds overweight stocks from their managers' home states by 12 …

This paper focuses on the effects of political uncertainty and the political process on implied
stock market volatility during US presidential election cycles. Using monthly Iowa Electronic …

This study examines the effectiveness of green identity labeling and environmental
information in nudging consumers toward pro-environmental food choices, using an online …

Purpose Investor risk perception is a personalized judgement on the uncertainty of returns
pertaining to a financial instrument. This study identifies key psychological and demographic …