Theoretical models predict that overconfident investors will trade more than rational
investors. We directly test this hypothesis by correlating individual overconfidence scores …

Agrowing body of qualitative evidence shows that loss aversion, a phenomenon formalized
in prospect theory, can explain a variety of field and experimental data. Quantifications of …

This paper provides an efficient method to measure utility under prospect theory. Our
method minimizes both the number of elicitations required to measure utility and the …

We report on a qualitative investigation of the influence of emotions on the decision making
of traders in four City of London investment banks, a setting where work has been …

Distinguishing cognitive systems that support intuition and deliberation has proven
necessary to explain how people reason, 1, 2 decide, 3 categorize, 4 form attitudes, 5 make …

Extensive data has convincingly demonstrated that expected utility, the reigning economic
theory of rational decision making, fails descriptively. This descriptive failure casts doubt on …

The central goal of this volume is to bring the learning perspective into the discussion of
intuition in judgment and decision making. The book gathers recent work on intuitive …

The purpose of this study was to determine whether support could be found for either the
Affect Infusion Model or the Mood Maintenance Hypothesis regarding how mood influences …

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 …

Intuition is often considered an effective manner of decision making in sports. In this study
we investigated whether a preference for intuition over deliberation results in faster and …