Behavioral finance is the study of how psychology affects financial decision making and
financial markets. It is increasingly becoming the common way of understanding investor …

This paper introduces a method to measure regret theory, a popular theory of decision under
uncertainty. Regret theory allows for violations of transitivity, and it may seem paradoxical to …

We present a new behavioral foundation for regret theory. The central axiom of this
foundation—trade-off consistency—renders regret theory observable at the individual level …

We conduct two experiments to examine potential causes of the disposition effect. In
Experiment 1, we rule out beliefs in mean reversion as a cause of the disposition effect …

The rationality hypothesis has been a very popular topic among the academics. Being a
widely accepted hypothesis as part of the traditional finance theories, an investor is deemed …

We model a dynamic purchase context in which a consumer is uncertain about the product's
valuation. The consumer has two purchase opportunities for the product: forward purchase …

Behavioral finance studies the impact of psychological phenomena on financial behavior. In
the center of the debate is the way people make decisions. In the course of making …

Günümüzün sıkı rekabet koşulları altında, verilecek olan finansal kararlar, hem kurumsal
yatırımcılar hem de bireysel yatırımcılar için büyük bir önem taşımaktadır. Son zamanlarda …

Drawing evidence from financial theory, which suggests the tendency of investors to sell
winning stocks quickly and to hold on to losing ones for a long time, this is the first study to …

Warum verkauft die Mehrzahl der Marktteilnehmer Gewinneraktien, wohingegen sie an
Verliereraktien festhalten? Wieso haben viele Trader Schwierigkeiten beim Umgang mit …