When one accounts for serial correlation in business cycles, the contradictory findings of earlier studies regarding the effect of the variance in output on the growth rate of output can be reconciled.Brown University.Melamed, Nitzan.Brown University....
RMIT UniversityMaster of Business (Behavioural Economics specialization) .. .PhD in Economics, Finance & Marketing (Behavioural Economics specialization) .. .(see also Behavioural Business Lab) .. University of MelbourneMaster of Applied Psychology ...
As the wealth gap has continued to grow wider this century, everyday investors have begun to look for alternative, non-traditional channels for advice and guidance. Coupled with recent trends to democratize and digitalize finance, it’s easy to see that social investing is here to sta...
we do not find any significant indirect effect onNew firm emergenceof (both generic and specific) human capital variables, mediated by access to outsider finance. The only signal that attracts outsider finance is the insider finance nascent entrepreneurs commit to the new firm creation process...
This dissertation consists of three related topics in behavioral finance that examines the relationship between managers' behavioral biases and firms' performance. We begin by examining the relationship between managers' optimism and the stock price performance of non-financial firms. Optimism as it is ...
The main objective of this dissertation was to contribute to the long-standing debate between the traditional and behavioral finance paradigms by examining closed-end funds discounts and returns with multifactor models that included factors from both paradigms. Using the generalized method of moments ...
The thesis consists of two essays on behavioral finance. The first essay is titled, "Attention and Trading." This study empirically explores the effects of attention levels on investors' trading behavior and on market price dynamics. Specifically, we analyze the ability of market-wide attention-...
Endowed entrepreneurs do not take on more debt than non-endowed entrepreneurs. Instead, they finance the large investments in their firms through investing less in other types of assets, such as real estates. I explore possible explanations for the observed difference in private equity holdings ...
This dissertation is comprised of three essays that study behavioral finance and market microstructure.;The first essay models a game of individual day traders' interactions in a stock trading chat room and empirically tests the model's conclusions. Trading behaviors are analyzed in an Internet chat...
Kruskal-Wallis, chi-square, and ANOVA tests were used to examine if differences existed between each behavioral finance bias and college students' level of cognitive reflection. The study did not find that a statistically significant difference existed between cognitive reflection and base-rate neglect...