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 …

Financial decisions are among the most important life-sha** decisions that people make.
We review facts about financial decisions and what cognitive and neural processes …

How to assess critical aspects of cognitive functioning that are not measured by IQ tests:
rational thinking skills. Why are we surprised when smart people act foolishly? Smart people …

The last several decades have witnessed a shift away from a fully rational paradigm of
financial markets toward one in which investor behavior is influenced by psychological …

Previous empirical work on adverse consequences of CEO overconfidence raises the
question of why firms hire overconfident managers. Theoretical research suggests a reason …

Using a unique 10-year panel that includes more than 13,300 expected stock market return
probability distributions, we find that executives are severely miscalibrated, producing …

Purpose This study aims to investigate the behavioural factors that affect individual
investment decisions among Generation Y in Malaysia. Design/methodology/approach Five …

This paper examines how cultural differences influence the returns of momentum strategies.
Cross‐country cultural differences are measured with an individualism index developed by …

There is ample evidence that the average person thinks he or she is more skilful, more
beautiful and kinder than others, and that such overconfidence may result in substantial …

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