Review of Behavioral Finance: Volume 10 Issue 1

Behavioral mediators of financial decision making – a state-of-art literature review

Rupali Misra Nigam, Sumita Srivastava, Devinder Kumar Banwet

The purpose of this paper is to review the insights provided by behavioral finance studies conducted in the last decade (2006-2015) examining behavioral variables in financial…

Debt of high-income consumers may reflect leverage rather than poor cognitive reflection

Sergio Da Silva, Newton Da Costa Jr, Raul Matsushita, Cristiana Vieira, Ana Correa, Dinorá De Faveri

A recent population-wide study for Germany, where credit lines on current accounts are available to 80 percent of the population, finds that overdraft debt is more likely for…

Informational cascades in financial markets: review and synthesis

Oksana Doherty

The purpose of this paper is to review recent contributions to the theoretical and empirical literature on informational cascades.

Factors influencing investor’s decision making in Pakistan: Moderating the role of locus of control

Muhammad Haroon Rasheed, Amir Rafique, Tayyaba Zahid, Muhammad Waqar Akhtar

The purpose of this paper is to look at the impact of two most commonly used heuristics, namely, representative bias and availability bias on investment decision making and to…

Persistent anchoring to default rates when electing 401(k) contributions

Bryan Foltice, Priscilla A. Arling, Jill E. Kirby, Kegan Saajasto

The purpose of this paper is to investigate how the 401(k) auto-enrollment rate influences the size of elected contribution rates in defined contribution plans for new, young…

Divergence of opinion and moderating effect of investors’ attentions in IPO market: Malaysian evidence

Cheedradevi Narayanasamy, Mamunur Rashid, Izani Ibrahim

The purpose of this paper is to bridge the gap between the theory underlying divergence of opinion (DOP) and a cognitive concept termed as attention by specifically focussing on…