Related papers: Culture and the disposition effect
The irrational behavior of investors selling profitable assets too early while holding onto losing assets for too long is known as the disposition effect. Due to the development of the Internet, the information environment for individual…
The disposition effect describes investors' irrational behavior of selling profitable assets too soon while holding onto losing assets for too long. This study examines the impact of transparency at the firm level on the disposition effect…
Predicting changes in consumer attention for cultural products, such as books, movies, and songs, is notoriously difficult. Past research suggests intrinsic limits for predicting consumer attention towards individual products. However,…
The diverse range of Internet enabled devices both mobile and fixed has not only impacted the global economy but the very fabric of human communications and lifestyles. The ease of access and lowered cost has enabled hitherto diametrically…
We study a model describing the spread of a globalized culture in a population of individuals localized at the nodes of a social network. The influence of this globalized culture, assumed to be foreign to the local culture, is measured by a…
As the aging of the world accelerates, clarifying the relationship between cultural differences and ageism is an urgent issue. Therefore, in this study, we conducted a correlation analysis between the six cultural scales of Hofstede et al.…
One of the fundamental principles driving diversity or homogeneity in domains such as cultural differentiation, political affiliation, and product adoption is the tension between two forces: influence (the tendency of people to become…
This study examines the disposition effect in both long and short exposure positions in FTSE MIB tracking ETFs using a unique dataset of almost 9 million individual transactions. Building on the integrated framing approach, we extend the…
There are both benefits and drawbacks to cultural diversity. It can lead to friction and exacerbate differences. However, as with biological diversity, cultural diversity is valuable in times of upheaval; if a previously effective solution…
Modern societies feature an increasing contact between cultures, yet we have a poor understanding of what the outcomes might be. Here we consider a mathematical model of contact between social groups, grounded in social psychology and…
The objective of this paper is to measure the degree of home bias (HB) within holdings portfolio and to identify their determining factors. By following literature and an international capital asset pricing model, we have chosen quite a…
Culture is a collection of connected and potentially interactive patterns that characterize a social group or a passed-on idea that people acquire as members of society. While offline activities can provide a better picture of the…
We uncover a close link between outside options and risk attitude: when a decision-maker gains access to an outside option, her behaviour becomes less risk-averse, and conversely, any observed decrease of risk-aversion can be explained by…
This paper empirically analyzes how individual characteristics are associated with risk aversion, loss aversion, time discounting, and present bias. To this end, we conduct a large-scale demographically representative survey across eight…
We perform new experiment using almost the same sample size considered by Tversky and Shafir to test the validity of classical probability theory in decision making. The results clearly indicate that the disjunction effect depends also on…
The cultural integration of immigrants conditions their overall socio-economic integration as well as natives' attitudes towards globalisation in general and immigration in particular. At the same time, excessive integration -- or…
This paper investigates the dynamics of gambling and how they can affect risk-taking behavior in regions not explored by Kahneman and Tversky's Prospect Theory. Specifically, it questions why extreme outcomes do not fit the theory and…
Many cultural traits characterizing intelligent behaviors are now thought to be transmitted through statistical learning, motivating us to study its effects on cultural evolution. We conduct a large-scale music data analysis and observe…
UN migration data and Hofstede's six cultural dimensions make it possible to find a connection between migration patterns and culture from a longterm perspective. Migrant patterns have been studied from the perspective of both immigrants…
We examine how career concerns influence the behavior and mobility of financial advisers. Drawing on a uniquely comprehensive matched panel that combines employer-employee data with a longstanding national ranking, our study tests…