DecisionSciRN: Other Financial Decision-Making (Sub-Topic)最新文献

Advanced Yield Curve Calibration, Mixed Interpolation Schemes & How to Incorporate Jumps and the Turn-of-Year Effect 先进的收益率曲线校准，混合插值方案&如何结合跳跃和年轮效应

DecisionSciRN: Other Financial Decision-Making (Sub-Topic) Pub Date : 2021-08-02 DOI: 10.2139/ssrn.3898069

N. Burgess

引用次数: 0

Regulator Continuity and Decision-Making Quality: Evidence from SEC Comment Letters 监管机构的连续性和决策质量:来自SEC评论信的证据

DecisionSciRN: Other Financial Decision-Making (Sub-Topic) Pub Date : 2021-08-01 DOI: 10.2139/ssrn.3802115

M. Kubic, Sara Toynbee

引用次数: 5

Consumer Literacy: The Nominal Consumption Trap 消费者素养:名义消费陷阱

DecisionSciRN: Other Financial Decision-Making (Sub-Topic) Pub Date : 2020-09-12 DOI: 10.2139/ssrn.3713823

Abdulla Dalvi, M. Bishnoi, Mukund Jakhiya

{"title":"Consumer Literacy: The Nominal Consumption Trap","authors":"Abdulla Dalvi, M. Bishnoi, Mukund Jakhiya","doi":"10.2139/ssrn.3713823","DOIUrl":"https://doi.org/10.2139/ssrn.3713823","url":null,"abstract":"The subject of ‘money illusion’ in behavioral economics has gained attraction lately as a factor that is responsible for one of the many incongruities in our decision making, resulting in inadequate socio-economic choices. This study aims to ascertain that the existence of the phenomenon of ‘money illusion’ is an empirical subject having a real impact and consequences in everyday decision making rather than a notional question or one of pure logic. Primary data was collected for this research employing a questionnaire to a sample of 104 individuals. The findings of this research determine the empirical truth of the role of ‘money illusion’ and how individuals fail to differentiate between real variables (variables like price, income, wages adjusted to inflation) and nominal variables. The results from this study indicate that money illusion is a concept which still exists in the society as people find it easier to make decision with respect to the nominal variables which the society provides them with against the real variables and the complexity to convert nominal variables to real variables poses a barrier to an individual in his or her decision making. Also, economies with low inflation rates fuel the presence of money illusion. There is further scope to expand the research to determine the relationship between the comprehensions of ‘money illusion’ amongst investor’s viz-a-viz households.","PeriodicalId":134605,"journal":{"name":"DecisionSciRN: Other Financial Decision-Making (Sub-Topic)","volume":"391 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121248819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Experimental Studies on Trading Decision 交易决策的实验研究

DecisionSciRN: Other Financial Decision-Making (Sub-Topic) Pub Date : 2019-03-18 DOI: 10.2139/ssrn.3354607

A. D. da Rocha, F. Rocha

{"title":"Experimental Studies on Trading Decision","authors":"A. D. da Rocha, F. Rocha","doi":"10.2139/ssrn.3354607","DOIUrl":"https://doi.org/10.2139/ssrn.3354607","url":null,"abstract":"Technological advances in recording the brain activity in normal during the last two decades of the 20th century, paved the way for the studies about the cerebral dynamics of human cognition and decision making. These investigations are necessarily multidisciplinary in essence, involving both neuroscientists and researchers of all other areas of human knowledge. In particular, the frontiers between Neurosciences, Economy and Finances begun to be explored and many studies begun to appear under the names of Neuroeconomic, Neurofinances, etc. These activities demand a close collaboration between experts in many fields of sciences, therefore require as two way traffic of knowledge and information. There are two main types of activity in these interdisciplinary studies: theoretical and experimental ones. In the theoretical field, neurosciences knowledge provides the guide lines to build formal models of interest for the other disciplines, or questions about established theories in Economics, Finances, etc. raise interesting points for Neurosciences debates. These theoretical discussions highlight themes for experimental investigation of both the cerebral or market dynamics. Neurosciences knowledge about the brain organization for financial decision in used to develop to a theoretical model about Financial Decision Making. This model was used both to study price evolution in many distinct Stock Markets and to investigate the cerebral activity associated to a stock market simulating game playing. The results of this experimental study are discussed at extent in chapter 10, and show that the proposed theoretical model provides a nice fit to the experimental data. The general conclusion from data and discussions provided by the book is that a neuroscientific approach of financial decision is feasible and may contribute for a better understanding the economic and financial human activities. ","PeriodicalId":134605,"journal":{"name":"DecisionSciRN: Other Financial Decision-Making (Sub-Topic)","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122025976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Who Runs First to the Bank? 谁先跑到银行?

DecisionSciRN: Other Financial Decision-Making (Sub-Topic) Pub Date : 2018-10-15 DOI: 10.2139/ssrn.3292147

H. J. Kiss, Ismael Rodríguez-Lara, Alfonso Rosa-García

{"title":"Who Runs First to the Bank?","authors":"H. J. Kiss, Ismael Rodríguez-Lara, Alfonso Rosa-García","doi":"10.2139/ssrn.3292147","DOIUrl":"https://doi.org/10.2139/ssrn.3292147","url":null,"abstract":"We study how lines form endogenously in front of banks when depositors differ in their liquidity needs. Our model has two stages. In the first one, depositors choose the level of costly effort they want to exert to arrive early at the bank which determines the order of decisions. In the second stage, depositors decide whether to withdraw or to keep the funds deposited. We consider two different informational environments (simultaneous and sequential) that differ in whether or not depositors can observe the decision of others during the second stage of the game. We show theoretically that the informational environment affects the emergence of bank runs and thus should influence the willingness to rush to the bank. We test the predictions in the lab, where we gather extensive data on individual traits to account for depositors' heterogeneity; e.g. socio-demographics, uncertainty attitudes or personality traits. We find no significant differences in the costly effort to arrive early at the bank neither across the informational environments, nor according to the liquidity needs of the depositors. In the sequential environment, some depositors rush to the bank because they are irrational and do not recognize the benefits of observability in fostering the coordination on the no-bank run outcome. There is also evidence that some depositors rush to keep their funds deposited and to facilitate coordination on the efficient outcome. Finally, we document that loss aversion is an important factor in the formation of the line.","PeriodicalId":134605,"journal":{"name":"DecisionSciRN: Other Financial Decision-Making (Sub-Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127369659","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Audit Quality, Legal Liability, and the Audit Market Under Risk Aversion 风险规避下的审计质量、法律责任与审计市场

DecisionSciRN: Other Financial Decision-Making (Sub-Topic) Pub Date : 2018-10-01 DOI: 10.2139/ssrn.3258555

Reinhard Schrank

引用次数: 1

Appendix to Time Value of Money 《货币的时间价值》附录

DecisionSciRN: Other Financial Decision-Making (Sub-Topic) Pub Date : 2006-02-10 DOI: 10.2139/SSRN.882852

Ignacio Vélez-Pareja

引用次数: 0