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 …

Text-mining technologies have substantially affected financial industries. As the data in
every sector of finance have grown immensely, text mining has emerged as an important …

We analyze the impact of sentiment and attention variables on the stock market volatility by
using a novel and extensive dataset that combines social media, news articles, information …

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 …

Purpose This paper aims to investigate the relationship between investors' demographic
characteristics (age, gender, education level and experience) and their investment decisions …

Social media has become a popular venue for individuals to share the results of their own
analysis on financial securities. This paper investigates the extent to which investor opinions …

We provide an overview of research on the stock trading behavior of individual investors.
This research documents that individual investors (1) underperform standard benchmarks …

We investigate whether and when firms manage the tone of words in earnings press
releases, and how investors react to tone management. We estimate abnormal positive tone …

We examine whether and how the addition of mandatory paragraphs that highlight
Key/Critical audit matters (KAMs) in the auditor's report affects users' information acquisition …

The basic paradigm of asset pricing is in vibrant flux. The purely rational approach is being
subsumed by a broader approach based upon the psychology of investors. In this approach …