{"title":"Hedging With Futures","authors":"Deepika Krishnan","doi":"10.4018/ijabe.333859","DOIUrl":"https://doi.org/10.4018/ijabe.333859","url":null,"abstract":"This research explores the utilization of wavelet transform decomposition as an effective tool for hedging in the Indian stock market, particularly focusing on hedging with index futures contracts. Utilizing daily data obtained from the National Stock Exchange (NSE) of India spanning from 2010 to 2022, the study investigates the lead-lag relationships, correlations, and hedge ratios across different time scales through the wavelet transform method. The findings indicate a clear relationship between the Nifty 50, Nifty Bank, and Index futures in both short and longer time frames. However, in intermediate time scales, the Nifty Bank contract exhibits a leading position in the market. The correlation analysis underscores that time plays a crucial role in determining the variations, resulting in a wide range of correlations. The effectiveness of hedging, measured by the hedge ratio, displays an increasing trend across different time zones.","PeriodicalId":41154,"journal":{"name":"International Journal of Applied Behavioral Economics","volume":"18 8","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139264364","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}
{"title":"Exploring the Antecedents of Entrepreneurial Intention With the Theory of Planned Behaviour on Tunisian University Students","authors":"Wadie Nasri","doi":"10.4018/ijabe.326056","DOIUrl":"https://doi.org/10.4018/ijabe.326056","url":null,"abstract":"This study proposes to use the theory of planned behaviour to predict students' entrepreneurial intentions in Tunisian context. A questionnaire-based survey was conducted to collect responses from 257 students. Regressions analysis was used to test hypotheses. The result shows that attitude, perceived behavior control, and subjective norms significantly influence the entrepreneurial intention. The findings will be useful for government to support entrepreneurship and encourage graduates to start their own businesses to solve even part of the unemployment problem among the youths. The article is one of the initial attempts in Tunisian context to understand the entrepreneurial intention by using the theory of planned behaviour.","PeriodicalId":41154,"journal":{"name":"International Journal of Applied Behavioral Economics","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43087480","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}
{"title":"“You Are What You Watch?”","authors":"R. Yuldasheva, Boidurjo Rick Mukhopadhyay","doi":"10.4018/ijabe.308784","DOIUrl":"https://doi.org/10.4018/ijabe.308784","url":null,"abstract":"Considering that today's youth are inadvertently exposed to violence in all forms of media and video games, research shows that this affects the psyche, subsequently manifesting in aggressive behaviour. This research paper examines how media violence, particularly in video games and movies, impacted youth behaviour during Uzbekistan's pandemic-imposed lockdown period in 2020. The research deploys a mixed-method approach by using quantitative online and offline surveys, data collected from educational institutions and companies to analyse the impact of media violence on youth who choose to play violent video games and watch violent movies during the pandemic. At the same time, the qualitative thematic analysis presents recommendations for preventing the adverse effects of violent video games and films on young people's behaviour. The research ends with suggestions on supporting young people and ways to protect them from falling into the vicious cycle of violence, which triggers aggression in their behaviour.","PeriodicalId":41154,"journal":{"name":"International Journal of Applied Behavioral Economics","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43322919","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}
{"title":"A Model of Consumer Choice With Bounded Rationality and Reference Quantity","authors":"G. Bischi, F. Tramontana","doi":"10.4018/ijabe.312248","DOIUrl":"https://doi.org/10.4018/ijabe.312248","url":null,"abstract":"The authors consider the economic problem of consumers' demand under the assumption of bounded rationality. They move from the hypothesis that the consumer does not know the amount of the good maximizing the utility but he/she is able to understand, at each time period, if the current consumption is above or below than the optimal choice and decide consequently for the next period. Moreover, they also take into consideration the role of a reference amount of consumption that can influence the consumption choice of the consumer. They show that this assumption led to a failure in the convergence process towards the rational choice because the equilibrium of the model, even when locally stable, is located on an intermediate value between the rational choice and the reference quantity.","PeriodicalId":41154,"journal":{"name":"International Journal of Applied Behavioral Economics","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47302184","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}
{"title":"Nudge A bridge between choice and desired decision","authors":"Vikas Pujara, M. Rachna","doi":"10.4018/ijabe.302140","DOIUrl":"https://doi.org/10.4018/ijabe.302140","url":null,"abstract":"The \"Real\" decision often varies from the \"Rational\" decision. The Real or the actual behaviour of people is quite often biased and differs from the rational decision framework which has been put in place by classical economics. The irrational or undesired behaviour displayed by the people even in an informed public policy is a classic example of this. The purpose of this paper is to try and explain the classical nudge theory which ‘nudge’ the people towards a desirable behaviour. We need to contemplate if we could use it as a method to awaken the motivate us Indians to invest or if it could help us to devise policy or the marketing campaigns in such an effective manner that it could help us bridge the gap of non-investment behaviour. Researcher has considered the 6 Nudge principles to prepare a questionnaire which has been duly filled online by 135 respondents. It has been shown that there is an impact of Nidge as a decision making tool for policy formation.","PeriodicalId":41154,"journal":{"name":"International Journal of Applied Behavioral Economics","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49132697","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}
{"title":"The Impact of Socio-Economic and Psychographic Factors on Financial Inclusion","authors":"Babita Jha, Lokesh Vijayvargy, Srikant Gupta","doi":"10.4018/ijabe.305116","DOIUrl":"https://doi.org/10.4018/ijabe.305116","url":null,"abstract":"Financial inclusion is a crucial factor in mainstreaming the low-income population with the formal financial system. It provides access to credit and provides a broad range of financial services. However, factors like illiteracy, inadequate income, and lack of awareness limit the poor people to utilize services offered by the bank. The study examines the Financial Attitude (FA), Financial Behavior (FB), and Financial Knowledge (FK) among the people of Rajasthan and interprets the effect on financial inclusion. This research is segregated based on aspects leading to financial exclusion like age, gender, income, education level, occupation, demographic, etc. The comprehensive research in studying the impact of socio-economic and psychographic factors on financial inclusion reveals that people are concerned about saving money for their future but still, there an enormous scope of better utilization of savings.","PeriodicalId":41154,"journal":{"name":"International Journal of Applied Behavioral Economics","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46599137","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}
{"title":"Environmental Awareness, Oligopolistic Competition, and Foreign Direct Investment","authors":"R. Ramirez","doi":"10.4018/ijabe.300274","DOIUrl":"https://doi.org/10.4018/ijabe.300274","url":null,"abstract":"In most developing countries, local companies have more expensive polluting production technology than those in developed countries. On the other hand, there is a growing concern to produce and consume ecological goods in the world. Based on this reality, and using environmental awareness as public policy, this article uses a theoretical model that determines the level of environmental awareness that a government receiving Foreign Investment is willing to promote, taking into account oligopolistic competition between foreign and local companies in the country. The optimal environmental awareness policy considers the impact of this policy on local investment, the benefit of the consumer, foreign investment flows, and the disutility of the contamination of polluting goods in the population. The optimal level of environmental awareness is found to depend on the degree of disutility of pollution and the introjection of politics induced by the host government.","PeriodicalId":41154,"journal":{"name":"International Journal of Applied Behavioral Economics","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43964173","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}
{"title":"The Study of Consumer Stock Market Behaviour by Consequence of Prospect Theory","authors":"Varun Chotia","doi":"10.4018/ijabe.300271","DOIUrl":"https://doi.org/10.4018/ijabe.300271","url":null,"abstract":"This study analyses the application of prospect theory concepts to understand stock market fluctuations. Prospect theory is the most frequently encountered alternative to utility theory when the latter is seen as insufficient in explaining empirical data. It incorporates principles of cognitive psychology and encapsulates choice behavior theories from various disciplines to put forth a more comprehensive approach in the study of patterns in consumer behavior. This research also lists various metrics to be used in the calculation of an investor’s readiness in case of an opportunity involving a risky underlying asset and further classifies investors based upon their scores in each of these five metrics. Based upon the principles of behavioral economics, this area of interest offers several challenging problems for further research and their importance is only enhanced by the ease of extension of their solutions to real world implementation.","PeriodicalId":41154,"journal":{"name":"International Journal of Applied Behavioral Economics","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44556089","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}
{"title":"Analyzing Dependence of Key Macroeconomic Variables on BSE Using Regression","authors":"B. K. Som, Himanshu Goel","doi":"10.4018/ijabe.308782","DOIUrl":"https://doi.org/10.4018/ijabe.308782","url":null,"abstract":"This paper aims to analyze the dependence of key macroeconomic variables on Bombay Stock Exchange (BSE) Sensex using regression modelling technique in R-studio. Monthly data points spanning a period of last years from 2012 to 2019 has been used for the empirical investigation. The results of the model indicate that Long Term Interest Rate (LTINT), Consumer Price Index (CPI) and Morgan Stanley Capital International (MSCI) are found to be significant while Index of Industrial Production (IIP) and Foreign Exchange (FX) are insignificant. Also, the value or r-square indicates that 93 percent of the variation in the dependent variable is explained by the selected Independent variables. Also, the dataset was checked for normality and linearity using appropriate graphs. The results of this paper will be of immense use for the investors in predicting the stock price movement.","PeriodicalId":41154,"journal":{"name":"International Journal of Applied Behavioral Economics","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45360831","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}
{"title":"Narcissistic Personality and Financial Risk Tolerance","authors":"Süleyman Şen","doi":"10.4018/ijabe.295862","DOIUrl":"https://doi.org/10.4018/ijabe.295862","url":null,"abstract":"The purpose of this study is to investigate the relationship between an individual’s narcissistic personality and his/her financial risk tolerance in an emerging country sample. The sample consists of undergraduate university students who have been taking finance classes in their student life. The data is examined using mean differences and regression analyzes in this study. The main findings show that men tend to be more narcissistic and more risk-tolerant than women. The regression analysis result shows that narcissism and financial risk-taking have a statistically positive and significant relationship. In other words, the increase in the narcissism level of an individual leads him/her to be more risk-tolerant. This study has two main contributions to the literature; providing a framework for measuring the link between narcissism and financial risk tolerance and providing evidence about “narcissism bias” from an emerging country.","PeriodicalId":41154,"journal":{"name":"International Journal of Applied Behavioral Economics","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43603812","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}