Lecture notes in behavioral finance
In: World scientific lecture notes in finance vol. 3
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In: World scientific lecture notes in finance vol. 3
In: The Geneva papers on risk and insurance theory, Band 24, Heft 2, S. 139-158
ISSN: 1573-6954
In: The journal of business, Band 52, Heft 3, S. 393
ISSN: 1537-5374
In: Behavioral science, Band 23, Heft 3, S. 187-194
In: Journal of economics and business, Band 43, Heft 3, S. 197-214
ISSN: 0148-6195
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 8, Heft 4, S. 251-263
ISSN: 1475-6803
AbstractThe partial takedown phenomenon associated with bank loan commitments is examined in a dynamic context in which banks adjust commitment prices to client takedown behavior. The optimal takedown is an increasing function of client riskiness and a decreasing function of the time the client plans to remain with its present bank and the cost of switching to a new bank. Since the bank's learning is cumulative, the longer a client remains with its bank the smaller is the commitment price adjustment resulting from an aberrant takedown. The enhanced commitment price certainty, obtained with longevity of the client relationship, helps to explain client reluctance to switch banks. Since the optimal takedown is an increasing function of client riskiness under adaptive pricing, such pricing may serve the added purpose of providing information on client risk.
In: Journal of economics and business, Band 48, Heft 1, S. 23-32
ISSN: 0148-6195
In: Working Paper Series, 38,98
World Affairs Online
Reference points -- Reference based decisions in finance / Fernando Zapatero -- Professionalism and sophistication effects in finance -- Individuals investment in financial structured products from rational and behavioral choice perspectives / Moran Ofir and Zvi Wiener -- Is investor rationality time varying? : evidence from the mutual fund industry / Vincent Glode, Burton Hollifield, Marcin Kacperczyk and Shimon Kogan -- Are domestic household investors better performers than foreign institutions? : new evidence from Finland / Peter L. Swan and P. Joakim Westerholm -- Culture and gender effects -- The assessment of risk behavior : a cross-cultural analysis using the Dospert scale / Wolfgang Breuer, Jana Anette Kollath, Astrid Juliane Salzmann and Rudiger von Nitzsch -- Fear of negative evaluation, culture, gender, and financial welfare / Na Young Park -- Gender and personal finance management / Zohar Rusou , Moty Amar and Shahar Ayal -- Finance and the media -- The role of emotions in decision making : theory, evidence, and examples from media psychology / Gregory Gurevich and Doron Kliger -- Firm disclosure, media and the capital markets / Doron Kliger and Smadar Siev -- Heuristics and experiments in finance -- Heuristics and biases in the Israeli mortgage market / Yevgeny Mugerman, Moran Ofir and Zvi Wiener -- The availability heuristic and other psychological aspects of investors' reactions to company-specific events / Doron Kliger and Andrey Kudryavtsev -- Uniform or discriminatory auctions : endogenizing bidder's choice in divisible goods auctions / Menachem Brenner, Dan Galai and Orly Sade -- Factors affecting the impact of investors' horizon on asset allocation decisions : an -- Experimental exploration / Moty Amar and Yoram Kroll