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
- Location
-
Deutsche Nationalbibliothek Frankfurt am Main
- Extent
-
Online-Ressource
- Language
-
Englisch
- Notes
-
Postprint
begutachtet (peer reviewed)
In: Journal of Economic Behavior & Organization ; 71 (2009) 2 ; 318-329
- Classification
-
Wirtschaft
- DOI
-
10.1016/j.jebo.2009.04.004
- URN
-
urn:nbn:de:0168-ssoar-292291
- Rights
-
Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Last update
-
25.03.2025, 1:42 PM CET
Data provider
This object is provided by:
Deutsche Nationalbibliothek. If you have any questions about the object, please contact the data provider.
Deutsche Nationalbibliothek. If you have any questions about the object, please contact the data provider.
Associated
- Menkhoff, Lukas
- Nikiforow, Marina
Time of origin
- 2009
Other Objects (12)
Bad banking in Thailand? : An empirical analysis of macro indicators
On the rationale of bank lending in pre-crisis Thailand
Asian financial markets : structures, policy issues and prospects
Spekulative Verhaltensweisen auf Devisenmärkten
Zur Theorie der nicht-monetär verursachten Inflation
Active learning fosters financial behavior : Experimental evidence
The non-linear impact of risk tolerance on entrepreneurial profit and business survival
Risky asset holdings during Covid-19 and their distributional impact : Evidence from Germany
The rationale of bank lending in pre-crisis Thailand
Determinants of stock market participation
Financial market drift : decoupling of the financial sector from the real economy?
Does Culture Influence Asset Managers’ Views and Behavior?
Bad banking in Thailand? : An empirical analysis of macro indicators
On the rationale of bank lending in pre-crisis Thailand
Asian financial markets : structures, policy issues and prospects
Spekulative Verhaltensweisen auf Devisenmärkten
Zur Theorie der nicht-monetär verursachten Inflation
Active learning fosters financial behavior : Experimental evidence
The non-linear impact of risk tolerance on entrepreneurial profit and business survival
Risky asset holdings during Covid-19 and their distributional impact : Evidence from Germany
The rationale of bank lending in pre-crisis Thailand
Determinants of stock market participation
Financial market drift : decoupling of the financial sector from the real economy?
Does Culture Influence Asset Managers’ Views and Behavior?
Bad banking in Thailand? : An empirical analysis of macro indicators
On the rationale of bank lending in pre-crisis Thailand
Asian financial markets : structures, policy issues and prospects
Spekulative Verhaltensweisen auf Devisenmärkten
Zur Theorie der nicht-monetär verursachten Inflation
Active learning fosters financial behavior : Experimental evidence
The non-linear impact of risk tolerance on entrepreneurial profit and business survival
Risky asset holdings during Covid-19 and their distributional impact : Evidence from Germany
The rationale of bank lending in pre-crisis Thailand
Determinants of stock market participation
Financial market drift : decoupling of the financial sector from the real economy?