Illusion of expertise in portfolio decisions: an experimental approach

Article Abstract:

Overconfidence, unrealistic optimism and illusion of control are egocentric biases of an individual, which are examined in financial decision making. A random price mechanism, which is described, shows that subjects prefer their own portfolio to the average or the expert's portfolio.

Behavior Theory, Decision-making, Decision making, Human behavior, Human acts, Human behaviour

---

Fairness versus efficiency: An experimental study of (mutual) gift giving

Article Abstract:

Efficiency is a potentially competing concern in games whereas fairness is a strong concern as shown by dictator and ultimatum experiments. The topic is explained with a gift giving procedure, also stating that the gift givers are not in a disadvantage.

Gifts, Microeconomics

---

Evolutionary parallelism versus co-evolution: a comment on Joseph Henrich

Article Abstract:

The natural biological basis for altruism and non-opportunistic behavior in large-scale interaction among strangers are discussed. The way Joseph Henrich dealt with evolutionary parallelism and co-evolution is presented.

Evaluation, Altruism, Altruism (Human behavior), Social evolution

Similar abstracts:

• Abstracts: Optimal monetary policy in open versus closed economies: an integrated approach. Black-White earnings differentials: privatization versus deregulation
• Abstracts: Existence of adaptively stable sunspot equilibria near an indeterminate steady. Informational robustness of competitive equilibria
• Abstracts: Stock return variation and expected dividends: a time-series and cross- sectional analysis. Problems in measuring portfolio perrformance: an application to contrarian investment strategies
• Abstracts: Saving and capital market imperfections: the Italian experience. Earnings uncertainty and precautionary saving
• Abstracts: Explicit solutions to an optimal portfolio choice problem with stochastic income. Optimal portfolio choice for unobservable and regime-switching mean returns

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.