Abstract
Purpose
– The purpose of this second of two companion papers is to further review the insights provided by experimental studies examining financial decisions and market behavior.
Design/methodology/approach
– Focus is directed on those studies examining explicitly, or with direct implications for, the most robustly identified phenomena or stylized facts observed in behavioral finance. The themes for this second paper are biases, moods and emotions.
Findings
– Experiments complement the findings from empirical studies in behavioral finance by avoiding some of the limitations or assumptions implicit in such studies.
Originality/value
– The author synthesizes the valuable contribution made by experimental studies in extending the knowledge of how biases, moods and emotions influence the financial behavior of individuals, highlighting the role of experimental studies in policy design and intervention.
Subject
Strategy and Management,Finance,Accounting
Reference124 articles.
1. Acker, D.
and
Duck, N.W.
(2008), “Cross-cultural overconfidence and biased self-attribution”,
The Journal of Socio-Economics
, Vol. 37 No. 5, pp. 1815-1824.
2. Ackert, L.F.
and
Church, B.K.
(2006), “Firm image and individual investment decisions”,
The Journal of Behavioral Finance
, Vol. 7 No. 3, pp. 155-167.
3. Ackert, L.F.
and
Deaves, R.
(2009),
Behavioral Finance: Psychology, Decision-Making, and Markets
, Cengage Learning, Mason.
4. Ackert, L.F.
,
Church, B.K.
and
Deaves, R.
(2003), “Emotion and financial markets”,
Economic Review-Federal Reserve Bank of Atlanta
, Vol. 88 No. 2, pp. 33-42.
5. Ackert, L.F.
,
Charupat, N.
,
Church, B.K.
and
Deaves, R.
(2006), “An experimental examination of the house money effect in a multi-period setting”,
Experimental Economics
, Vol. 9 No. 1, pp. 5-16.
Cited by
42 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献