Purpose The purpose of this paper is to study and describe several biases in investment
decision-making through the review of research articles in the area of behavioral finance. It …

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 …

To have enough financial literacy, an investor must be able to make intelligent investment
choices, and on the other hand, the heuristic bias, the framing effect, cognitive illusions, and …

This paper reports the results of a field experiment investigating how attributes of carbon
footprint information affect consumer choice in a large dining facility. Our hypotheses and …

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 …

Purpose Research in the area of behavioral finance has demonstrated that investors exhibit
irrational behavior while making investment decisions. Investor behavior usually deviates …

There are competing theoretical explanations and conflicting empirical evidence for the
initial public offering (IPO) underpricing phenomenon in family firms. The behavioral agency …

Behavioral finance tries to make sense of financial data using models that are based on
psychologically accurate assumptions about people's beliefs, preferences, and cognitive …

By incorporating psychological insights into financial decision-making and questioning
conventional economic theories, behavioral finance has become a revolutionary field …

Loss aversion is one of the most widely used concepts in behavioral economics. We conduct
a large-scale, interdisciplinary meta-analysis to systematically accumulate knowledge from …