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The Display of Information and Household Investment Behavior
16 references·7 citing·40 second hop
The Display of Information and Household Investment Behavior (2017)The Display of Information and Household …Salience Theory of Choice Under Risk (2012)Salience Theory of Choice Und…Robust Inference With Multiway Clustering (2011)Robust Inference With Multiwa…Nudge: improving decisions about health, wealth, and happiness (2008)Nudge: improving decisions ab…All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)All That Glitters: The Effect…Save More Tomorrow™: Using Behavioral Economics to Increase Employee Saving (2004)Save More Tomorrow™: Using Be…Limited attention, information disclosure, and financial reporting (2003)Limited attention, informatio…Investor Psychology and Asset Pricing (2001)Investor Psychology and Asset…Do Investors Trade Too Much? (1999)Do Investors Trade Too Much?Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test (1997)The Effect of Myopia and Loss…Another Puzzle: The Growth in Actively Managed Mutual Funds (1996)Another Puzzle: The Growth in…The psychology of judgment and decision making (1994)The psychology of judgment an…Myopic Loss Aversion and the Equity Premium Puzzle (1993)Myopic Loss Aversion and the …Consumer Reaction to Measures of Poor Quality: Evidence from the Mutual Fund Industry (1992)Consumer Reaction to Measures…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The Consequences of Narrow Framing for Risk-Taking: A Stress Test of Myopic Loss Aversion (2024)The Consequences of Narrow Fr…Digital Financial Inclusion and Diversity of Household Financial Asset Allocation: Evidence From China (2024)Digital Financial Inclusion a…Graphical Information and Risk Perception: The Effect of Price Charts and Return Bar Charts on Financial Risk Perception (2021)Graphical Information and Ris…Monthly Payment Targeting and the Demand for Maturity (2019)Monthly Payment Targeting and…Essays on financial decision making (2019)Essays on financial decision …To See Is to Know: Simultaneous Display of Market Data for Retail Investors (2017)To See Is to Know: Simultaneo…Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders (2016)Can Myopic Loss Aversion Expl…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)An Economic Theory of Self-Control (1981)THE BEHAVIORAL LIFE‐CYCLE HYPOTHESIS (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)Psychology and Economics: Evidence from the Field (2009)On the psychology of poverty (2014)The Economic Importance of Financial Literacy: Theory and Evidence (2014)Risk, Ambiguity, and the Savage Axioms (1961)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)Econometric Analysis of Cross Section and Panel Data (2001)Bootstrap-Based Improvements for Inference with Clustered Errors (2008)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Temperature Shocks and Economic Growth: Evidence from the Last Half Century (2012)Policy Uncertainty and Corporate Investment (2015)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)On Persistence in Mutual Fund Performance (1997)Herding and Feedback Trading by Institutional and Individual Investors (1999)Mutual Fund Flows and Performance in Rational Markets (2004)Asset Fire Sales (and Purchases) in Equity Markets (2005)Prospect Theory: An Analysis of Decision under Risk (1979)Common risk factors in the returns on stocks and bonds (1993)The Efficient Market Hypothesis and Its Critics (2003)Who Gambles in the Stock Market? (2009)Judgment under Uncertainty: Heuristics and Biases (1974)Investor Inattention and Friday Earnings Announcements (2009)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)The behaviour change wheel: A new method for characterising and designing behaviour change interventions (2011)Poverty Impedes Cognitive Function (2013)Using social and behavioural science to support COVID-19 pandemic response (2020)Media Coverage and the Cross‐section of Stock Returns (2009)In Search of Attention (2011)Information Uncertainty and Stock Returns (2006)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)
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References

  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2008Nudge: improving decisions about health, wealth, and happiness11,572 cited
  • 2007All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors4,550 cited
  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 2011Robust Inference With Multiway Clustering3,199 cited
  • 2004Save More Tomorrow™: Using Behavioral Economics to Increase Employee Saving2,490 cited
  • 2001Investor Psychology and Asset Pricing2,429 cited
  • 2003Limited attention, information disclosure, and financial reporting2,339 cited
  • 1999Do Investors Trade Too Much?2,245 cited
  • 1996Another Puzzle: The Growth in Actively Managed Mutual Funds2,093 cited
  • 1993Myopic Loss Aversion and the Equity Premium Puzzle1,799 cited
  • 2012Salience Theory of Choice Under Risk1,309 cited
  • 1994The psychology of judgment and decision making1,253 cited
  • 1992Consumer Reaction to Measures of Poor Quality: Evidence from the Mutual Fund Industry1,065 cited

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1997
The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test
1,050 cited

Cited by

  • 2016Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders34 cited
  • 2019Monthly Payment Targeting and the Demand for Maturity28 cited
  • 2017To See Is to Know: Simultaneous Display of Market Data for Retail Investors26 cited
  • 2024Digital Financial Inclusion and Diversity of Household Financial Asset Allocation: Evidence From China14 cited
  • 2024The Consequences of Narrow Framing for Risk-Taking: A Stress Test of Myopic Loss Aversion1 cited
  • 2019Essays on financial decision making0 cited
  • 2021Graphical Information and Risk Perception: The Effect of Price Charts and Return Bar Charts on Financial Risk Perception0 cited