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Why Do Investors Buy Bad Financial Products? Probability Misestimation and Preferences in Financial Investment Decision
9 references·16 citing·45 second hop
Why Do Investors Buy Bad Financial Products? Probability Misestimation and Preferences in Financial Investment Decision (2012)Why Do Investors Buy Bad Financial Produc…Judgment under Uncertainty (2017)Judgment under UncertaintyA Behavioral Approach to Asset Pricing (2008)A Behavioral Approach to Asse…z-Tree: Zurich toolbox for ready-made economic experiments (2007)z-Tree: Zurich toolbox for re…Risk Aversion and Incentive Effects (2002)Risk Aversion and Incentive E…Extensional versus intuitive reasoning: The conjunction fallacy in probability judgment. (1983)Extensional versus intuitive …Judgment under Uncertainty: Heuristics and Biases (1975)Judgment under Uncertainty: H…Judgment under Uncertainty: Heuristics and Biases (1974)Judgment under Uncertainty: H…PSYCHOLOGICAL STUDY OF HUMAN JUDGMENT: IMPLICATIONS FOR INVESTMENT DECISION MAKING (1972)PSYCHOLOGICAL STUDY OF HUMAN …Man as an intuitive statistician. (1967)Man as an intuitive statistic…Towards an integrated debiasing framework for consumer financial decisions: A reflection on debiasing research (2023)Towards an integrated debiasi…What is your desire? Retail investor preferences in structured products (2021)What is your desire? Retail i…Risk Misperceptions of Structured Financial Products with Worst-of Payout Characteristics Revisited (2021)Risk Misperceptions of Struct…An empirical evaluation of tech interventions to improve financial decision-making (2021)An empirical evaluation of te…What is your Desire? Retail Investor Preferences in Structured Products (2020)What is your Desire? Retail I…Measurement of risk preference (2020)Measurement of risk preferencePerceived Attractiveness of Structured Financial Products: The Role of Presentation Format and Reference Instruments (2019)Perceived Attractiveness of S…Portfolio diversification: the influence of herding, status-quo bias, and the gambler’s fallacy (2018)Portfolio diversification: th…Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field (2018)Household Portfolio Underdive…Behavioral mediators of financial decision making – a state-of-art literature review (2018)Behavioral mediators of finan…Investors’ risk perceptions of structured financial products with worst-of payout characteristics (2017)Investors’ risk perceptions o…Combined artificial bee colony algorithm and machine learning techniques for prediction of online consumer repurchase intention (2017)Combined artificial bee colon…An inclusive taxonomy of behavioral biases (2017)An inclusive taxonomy of beha…A theory of misperception in a stochastic dominance framework and its application to structured financial products (2016)A theory of misperception in …Can prospect theory be used to predict an investor’s willingness to pay? (2013)Can prospect theory be used t…Explaining the demand for structured financial products: survey and field experiment evidence (2012)Explaining the demand for str…Subjective probability: A judgment of representativeness (1972)Availability: A heuristic for judging frequency and probability (1973)On the psychology of prediction. (1973)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)The theory of decision making. (1954)Applied Statistical Decision Theory (1962)Conservatism in a simple probability inference task. (1966)The processes of causal attribution. (1973)The Intuitive Psychologist And His Shortcomings: Distortions in the Attribution Process (1977)Judged frequency of lethal events. 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(2003)Dual-Processing Accounts of Reasoning, Judgment, and Social Cognition (2007)A BEHAVIORAL MODEL OF RATIONAL CHOICE (1955)The Behavior of Stock-Market Prices (1965)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Development and validation of behavioral biases scale: a SEM approach (2020)Risk capacity and investment priority as moderators in the relationship between big-five personality factors and investment behavior: a conditional moderated moderated-mediation model (2022)The Role Of Intellectual Capital In Intervening Financial Behavior and Financial Literacy on Financial Inclusion (2022)Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small and in the Large (1976)Oxytocin increases trust in humans (2005)Gender Differences in Preferences (2009)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)Investor Sentiment and Option Prices (2007)Investor Sentiment in the Stock Market (2007)Equilibrium Portfolio Strategies in the Presence of Sentiment Risk and Excess Volatility (2009)Are people conditionally cooperative? Evidence from a public goods experiment (2001)Altruistic punishment in humans (2002)Do Women Shy Away From Competition? Do Men Compete Too Much? (2007)Status quo bias in decision making (1988)A cognitive-affective system theory of personality: Reconceptualizing situations, dispositions, dynamics, and invariance in personality structure. (1995)The future of employment: How susceptible are jobs to computerisation? (2016)Development of NASA-TLX (Task Load Index): Results of Empirical and Theoretical Research (1988)Epistemic Injustice (2007)
this work references cited by second hop

References

  • 1974Judgment under Uncertainty: Heuristics and Biases28,742 cited
  • 1975Judgment under Uncertainty: Heuristics and Biases22,647 cited
  • 2007z-Tree: Zurich toolbox for ready-made economic experiments9,517 cited
  • 2002Risk Aversion and Incentive Effects5,973 cited
  • 1983Extensional versus intuitive reasoning: The conjunction fallacy in probability judgment.3,990 cited
  • 2017Judgment under Uncertainty1,843 cited
  • 1967Man as an intuitive statistician.966 cited
  • 1972PSYCHOLOGICAL STUDY OF HUMAN JUDGMENT: IMPLICATIONS FOR INVESTMENT DECISION MAKING495 cited
  • 2008A Behavioral Approach to Asset Pricing489 cited

Cited by

  • 2018Behavioral mediators of financial decision making – a state-of-art literature review63 cited
  • 2017Combined artificial bee colony algorithm and machine learning techniques for prediction of online consumer repurchase intention60 cited
  • 2013Can prospect theory be used to predict an investor’s willingness to pay?42 cited
  • 2018Portfolio diversification: the influence of herding, status-quo bias, and the gambler’s fallacy25 cited
  • 2017Investors’ risk perceptions of structured financial products with worst-of payout characteristics23 cited
  • 2012

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Explaining the demand for structured financial products: survey and field experiment evidence
19 cited
  • 2023Towards an integrated debiasing framework for consumer financial decisions: A reflection on debiasing research14 cited
  • 2017An inclusive taxonomy of behavioral biases13 cited
  • 2019Perceived Attractiveness of Structured Financial Products: The Role of Presentation Format and Reference Instruments11 cited
  • 2021What is your desire? Retail investor preferences in structured products8 cited
  • 2021An empirical evaluation of tech interventions to improve financial decision-making8 cited
  • 2020What is your Desire? Retail Investor Preferences in Structured Products7 cited
  • 2020Measurement of risk preference6 cited
  • 2016A theory of misperception in a stochastic dominance framework and its application to structured financial products6 cited
  • 2021Risk Misperceptions of Structured Financial Products with Worst-of Payout Characteristics Revisited6 cited
  • 2018Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field6 cited