Professionals’ endorsement of behavioral finance: does it impact their perception of markets and themselves?
Abstract: This paper provides evidence on the hypothesis that many behavioral finance patterns are so deeply rooted in human behavior that they are difficult to overcome by learning. We test this on a target group which has undoubtedly very strong incentives to learn efficient behavior, i.e. fund managers. We split this group into endorsers and non-endorsers of behavioral finance. Endorsers do, indeed, view markets differently as they regard stronger influences from behavioral biases. However, when it comes to the perception of one's own behavior the endorsement of behavioral finance becomes almost meaningless, even though endorsers otherwise do adapt behavior towards their conviction
- Standort
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Deutsche Nationalbibliothek Frankfurt am Main
- Umfang
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Online-Ressource
- Sprache
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Englisch
- Anmerkungen
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Postprint
begutachtet (peer reviewed)
In: Journal of Economic Behavior & Organization ; 71 (2009) 2 ; 318-329
- Klassifikation
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Wirtschaft
- DOI
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10.1016/j.jebo.2009.04.004
- URN
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urn:nbn:de:0168-ssoar-292291
- Rechteinformation
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Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Letzte Aktualisierung
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25.03.2025, 13:42 MEZ
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Beteiligte
- Menkhoff, Lukas
- Nikiforow, Marina
Entstanden
- 2009
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