Professionals’ endorsement of behavioral finance: Does it impact their perception of markets and themselves?
作者: Lukas MenkhoffMarina Nikiforow
作者单位: 1Leibniz Universität Hannover, Königsworther Platz 1, D-30167 Hannover, Germany
刊名: Journal of Economic Behavior and Organization, 2009, Vol.71 (2), pp.318-329
来源数据库: Elsevier Journal
DOI: 10.1016/j.jebo.2009.04.004
关键词: Behavioral financeFund managersBiases
原始语种摘要: Abstract(#br)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.
全文获取路径: Elsevier  (合作)
影响因子:1.065 (2012)

  • endorsement 签批
  • themselves 本身
  • finance 金融
  • conviction 判决有罪
  • meaningless 无意义的
  • behavioral 行为
  • hypothesis 假说
  • regard 敬贺金
  • perception 知觉
  • undoubtedly 无疑