A Bibliography of
Behaviourial Finance A Bibliography of
Behaviourial Finance
Alpert, Marc, and Howard Raiffa. 1982. "A Progress Report on the Training of Probability Assessors." In Judgment under Uncertainty: Heuristics and Biases. Edited by Daniel Kahneman, Paul Slovic, and Amos Tversky. Cambridge, U.K., and New York: Cambridge University Press:294-305.
Badrinath, S., and Wilbur Lewellen. 1991. "Evidence on Tax-Motivated Securities Trading Behavior." Journal of Finance, vol. 46, no. 1 (March):369-382.
Barber, Brad M., and Terrance Odean. 1999. "Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment." Working paper. University of California at Davis.
--- Forthcoming 2000. "Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Journal of Finance.
Barberis, Nicholas, Andrei Shleifer, and Robert Vishny. 1998. "A Model of Investor Sentiment. " Journal of Financial Economics, vol. 49, no. 3 (September):307-343.
Baumann, Andrea 0., Raisa B. Deber, and Gail G. Thompson. 1991. "Overconfidence among Physicians and Nurses: The 'Micro-Certainty, Macro-Uncertainty' Phenomenon: ." Social Science & Medicine, vol. 32, no. 2 (January 15):167-174.
Benartzi, Shlomo, and Richard Thaler. 1995. "Myopic Loss Aversion and the Equity Premium Puzzle." Quarterly Journal of Economics, vol. 110, no. 1 (February):73-92.
Benos, Alexandros V. 1998. "Overconfident Speculators in Call Markets: Trade Patterns and Survival." Journal of Financial Markets, vol. 1, no. 3-4 (September):353-383.
Berk, Jonathan. 1995. "A Critique of Size-Related Anomalies." Review of Financial Studies, vol. 8, no. 2 (Summer):275-286.
Bernoulli, Daniel. 1954. "Exposition of a New Theory on the Measurement of Risk." Translated by L. Sommer. Econometrica, vol. 22, no. 1 January):23-36.
Beyer, Sylvia, and Edward M. Bowden. 1997. "Gender Differences in Self-Perceptions: Convergent Evidence from Three Measures of Accuracy and Bias." Personality and Social Psychology Bulletin, vol. 23, no. 2 (February): 157-172.
Bremer, Marc, and Kiyoshi Kato. 1996. 'Trading Volume for Winners and Losers on the Tokyo Stock Exchange." Journal of Financial and Quantitative Analysis, vol. 31, no. 1 (March): 127-142.
Brock, William, Josef Lakonishok, and Blake LeBaron. 1992. "Simple Technical Trading Rules and the Stochastic Properties of Stock Returns." Journal of Finance, vol. 47, no. 5 (December):1731-64.
Carhart, Mark M. 1997. "On Persistence in Mutual Fund Performance." Journal of Finance, vol. 52, no. 1 (March):57-82.
Christensen-Szalanski, Jay J., and James B. Bushyhead. 1981. "Physicians' Use of Probabilistic Information in a Real Clinical Setting." Journal of Experimental Psychology: Human Perception and Performance, vol. 7, no. 4 (August):928-935.
Constantinides, George. 1984. "Optimal Stock Trading with Personal Taxes: Implications for Prices and the Abnormal January Returns." Journal of Financial Economics, vol. 13, no. 1 (March):65-89.
Cooper, Arnold C., Carolyn Y. Woo, and William C. Dunkelberg. 1988. "Entrepreneurs' Perceived Chances for Success." Journal of Business Venturing, vol. 3, no. 2 (Spring):97-108.
Daniel, Kent, David Hirshleifer, and Avanidhar Subrahmanyam. 1998. 1nvestor Psychology and Security Market Under- and Overreactions." Journal of Finance, vol. 53, no. 6 (December): 1839-86.
Deaux, Kay, and Tim. Ernswiller. 1974. "Explanations of Successful Performance on Sex-Linked Tasks: What Is Skill for the Male Is Luck for the Female." Journal of Personality and Social Psychology, vol. 29, no. 1 (January):80-85.
Deaux, Kay, and Elizabeth Farris. 1977. "Attributing Causes for One's Own Performance: The Effects of Sex, Norms, and Outcome." Journal of Research in Personality, vol. 11, no. 1 (March):59-72.
DeLongi J~ Bradford; -Andrei -Shleifer~ Lawrence ..H-. Summers, and Robert J. Waldmann. 1991. "The Survival of Noise Traders in Financial Markets." Journal of Business, Vol. 64, no. 1 January):1-20.
Dyl, Edward. 1977, "Capital-Gains Taxation and Year End,Stock Market Behavior." Journal of Finance, vol. 32, no. 1 (March):165-175.
Ferris, Stephen, Robert Haugen, and Anil Makhija. 1988. "Predicting Contemporary Volume with Historic Volume at Differential Price Levels: Evidence Supporting the Disposition Effect." Journal of Finance, vol. 43, no. 3 (July):677-697.
Fischhoff, Baruch. 1982. "For Those Condemned to Study the Past: Heuristics and Biases in Hindsight." In Judgment under Uncertainty: Heuristics and Biases. Edited by Daniel Kahneman, Paul Slovic, and Amos Tversky. Cambridge, U.K., and New York: Cambridge University Press:335-354.
Fischhoff, Baruch, Paul Slovic, and Sarah Lichtenstein. 1977. "Knowing with Certainty: The Appropriateness of Extreme Confidence." Journal of Experimental Psychology, vol. 3, no. 4 (November):552-564.
Frank, Jerome D. 1935. "Some Psychological Determinants of the Level of Aspiration." American Journal of Psychology, vol. 47, no. 285-293.
Genesove, David, and Chris Mayer. 1999. "Nominal Loss Aversion and Seller Behavior: Evidence from the Housing Market." Working paper. Hebrew University.
Gervais, Simon, and Terrance Odean. 1999. "Learning to Be Overconfident." Working paper. University of Pennsylvania.
Greenwald, Anthony G. 1980. "The Totalitarian Ego: Fabrication and Revision of Personal History." American Psychologist, vol. 35, no. 7 (July):603-618.
Grinblatt, Mark, and Matti Keloharju. 1999. "What Makes Investors Trade?" Working paper. University of California at Los Angeles.
Grossman, Sanford J. 1976. "On the Efficiency of Competitive Stock Markets Where Traders Have Diverse Information." Journal of Finance, vol. 31, no. 2 (June):573-585.
Harris, Lawrence. 1988. "Discussion of Predicting Contemporary Volume with Historic Volume at Differential Price Levels: Evidence Supporting the Disposition Effect." Journal of Finance, vol. 43, no. 3 (July):698-699.
Harris, Milton, and Artur Raviv. 1993. "Differences of Opinion Make a Horse Race." Review of Financial Studies, vol. 6, no. 3 (Fall):473-506.
Heath, Chip, Steven Huddart, and Mark Lang. 1999. "Psychological Factors and Stock Option Exercise." Quarterly Journal of Economics, vol. 114, no. 2 (May):601-627.
Heisler, Jeffrey. 1994. "Loss Aversion in a Futures Market: An Empirical Test." Review of Futures Markets, vol. 13, no. 3793-822.
Ikenberry, David, Josef Lakonishok, and Theo Vermaelen. 1995. "Market Underreaction to Open Market Share Repurchases." Journal of Financial Economics, vol. 39, no. 2/3 (October/ November): 181-208.
Irwin, Francis W. 1953. "Stated Expectations as Functions of Probability and Desirability of Outcomes." Journal of Personality, vol. 21:329-335.
Jegadeesh, Narasirnhan, and Sheridan Titman. 1993. "Returns to Buying Winners and Selling Losers: implications for Stock Market Efficiency." Journal of Finance, vol. 48, no. 1 (March):65-92.
Kahneman, Daniel, and Amos Tversky. 1979. "Prospect Theory: An Analysis of Decision under Risk." Econometrica, vol. 46, no. 2 (March):171-185.
Kidd, John B. 1970. "The Utilization of Subjective Probabilities in Production Planning." Acta Psychologica, vol. 34, no. 2/3 (December):338-347. Kunda, Ziva. 1987. "Motivated Inference; Self-Serving Generation and Evaluation of Causal Theories." Journal of Personality and Social Psychology, vol. 53, no. 4 (October):636-647.
Kyle, Albert S. 1985. "Continuous Auctions and Insider Trading." Econometrica, vol. 53, no. 6 (November):131-135.
Kyle, Albert S., and F. Albert Wang. 1997. "Speculation Duopoly with Agreement to Disagree: Can Overconfidence Survive the Market Test?" Journal of Finance, vol. 52, no 5 (December):207390.
Lakonishok, Josef, and Seymour Smidt. 1986. "Volume for Winners and Losers: Taxation and Other Motives for Stock Trading." Journal of Finance, vol. 41, no. 4 (September):951-976.
Langer, Ellen J., and Jane Roth. 1975. "Heads I Win, Tails It's Chance: The Illusion of Control as a Function of the Sequence of Outcomes in a Purely Chance Task." Journal of Personality and Social Psychology, vol. 32, no. 6 (December):951-955.
Lenney, Ellen. 1977. "Women's Self-Confidence in Achievement Settings." Psychological Bulletin, vol. 84, no. 1 (January):1-13.
Lichtenstein, Sarah, and Baruch Fischhoff. 1981. "The Effects of Gender and Instructions on Calibration." Decision Research Report: 81-5. Eugene, OR: Decision Research.
Lichtenstein, Sarah, Baruch Fischhoff, and Lawrence Phillips. 1982. "Calibration of Probabilities: The State of the Art to 1980." In Judgment under Uncertainty: Heuristics and Biases. Edited by Daniel Kahneman, Paul Slovic, and Amos Tversky. Cambridge, U.K., and New York: Cambridge University Press:306-334.
Locke, Peter, and Steven Mann. 1999. "Do Professional Traders Exhibit Loss Realization Aversion?" Working paper. Texas Christian University.
Loewenstein, George. 1992. "The Fall and Rise of Psychological Explanations in the Economics of Intertemporal Choice." In Choice over Time. Edited by George Lowenstein and Jon Elster. New York: Russell Sage Foundation.
Lundeberg, Mary A., Paul W. Fox, and Judith Puncochar. 1994. "Highly Confident but Wrong: Gender Differences and Similarities in Confidence Judgments." Journal of Educational Psychology, vol. 86, no. 1 (March): 114-121.
Lyon, John, Brad Barber, and Chih-Ling Tsai. 1999. "Improved Methods for Tests of Long?Run Abnormal Stock Returns." Journal of Finance, vol. 54, no. 1 (February):165-202.
Marks, Rose. 1951. "The Effect of Probability, Desirability, and 'Privilege' on the Stated Expectations of Children." Journal of Personality, vol. 19:332-351.
Miller, Dale T., and Michael Ross. 1975. "Self-Serving Biases in Attribution of Causality: Fact or Fiction?" Psychological Bulletin, vol. 82, no. 2 (March):213-225.
Neale, Margaret A., and Max H. Bazerman. 1990. Cognition and Rationality in Negotiation. New York: The Free Press.
Odean, Terrance. 1998. "Are Investors Reluctant to Realize Their Losses?" Journal of Finance, vol. 53, no. 5 (October):1775-98. ---1998b. "Volume, Volatility, Price and Profit When All Traders Are Above Average." Journal of Finance, vol. 53, no. 6 (December): 1887-1934. ---Forthcoming 1999. "Do Investors Trade Too Much?" American Economic Review.
Oskamp, Stuart. 1965. "Overconfidence in Case-Study Judgments." Journal of Consulting Psychology, vol. 29, no. 3:261-265.
Poterba, James. 1987. "How Burdensome Are Capital Gains Taxes? Evidence from the United States." Journal of Public Economics, vol. 33, no. 2 (July):157-172.
Prince, Melvin. 1993. "Women, Men, and Money Styles." Journal of Economic Psychology, vol. 14, no. 1 (March):175-182.
Russo, J. Edward, and Paul J.H. Schoernaker. 1992. "Managing Overconfidence." Sloan Management Review, vol. 33, no. 2 (Winter):7-17.
Shapira, Zur, and Itzhak Venezia. 1998. "Patterns of Behavior of Professionally Managed and Independent Investors." Working paper. New York University.
Shefrin, Hersh, and Meir Statman. 1985. "The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence." Journal of Finance, vol. 40, no. 3 (july):777-782.
Shleifer,Andrei, and RobertVishny. 1997. "Limits of Arbitrage." Journal of Finance, vol. 52, no. 1 (March):35-55.
Stal von Holstein, Carl-Axel S. 1972. "Probabilistic Forecasting: An Experiment Related to the Stock Market." Organizational Behavior and Human Performance, vol. 8, no. 1 (August): 139-158. Starr-McCluer, Martha. 1995. "Tax Losses and the Stock Portfolios of Individual Investors." Working paper. Federal Reserve Board of Governors. Statman, Meir, and Steve Thorley. 1999. "Investor Overconfidence and Trading Volume." Working paper. Santa Clara University.
Svenson, Ola. 1981. "Are We All Less Risky and More Skillful Than Our fellow Drivers?" Acta Psychologica, vol. 47:143-148.
Taylor, Shelley, and Jonathon D. Brown. 1988. "Illusion and Well-Being: A Social Psychological Perspective on Mental Health." Psychological Bulletin, vol. 103, no. 2 (March): 193-210.
Thaler, Richard. 1985. "Mental Accounting and Consumer Choice." Marketing Science, vol. 4, no. 3 (Summer):199-214. ---1992. "The Winner's Curse: Paradoxes and Anomalies of Economic Life." New York: The Free Press.
Varian, Hal R. 1989. "Differences of Opinion in Financial Markets." In Financial Risk: Theory, Evidence and Implications (Proceedings of the Eleventh Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis, Boston, MA). Edited by Courtenay C. Stone. Boston, MA: Kitiwer Academic Publishers:3-37.
Wagenaar, Willern, and Gideon B. Keren. 1986. "Does the Expert Know? The Reliability of Predictions and Confidence Ratings of Experts." Intelligent Decision Support in Process Environments. Edited by Erik HolInagel, Giuseppe Mancini, and David D. Woods. Berlin: Springer.
Weber, Martin, and Colin Camerer. 1998. "The Disposition Effect in Securities Trading: An Experimental Analysis." Journal of Economic Behavior and Organization, vol. 33, no. 2 (January): 167-184. Weinstein, Neil D. 1980. "Unrealistic Optimism about Future Life Events." Journal of Personality and Social Psychology, vol. 39, no. 5:806-820.
Yates, J. Frank. 1990. Judgment and Decision Making. Englewood Cliffs, NJ: Prentice-Hall.
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