Watch an archive of Daniel Kahneman's conference session in which he discusses: The role of intuition and reasoning in ...

Watch an archive of of the panel discussion with Anatole Kaletsky, Barry L. Ritholtz, David Rosenberg, and John F. Mauldin in ...

Modern finance portrays investment decision making as rational choice. However, pure rationality does not describe how many ...

Corporate disclosures are increasingly being announced via quarterly earnings conference calls. In addition to factual ...

Can new methods help investors avoid stampedes?

Strong evidence exists that stock market participation is driven by intelligence quotient (IQ) level more than by any other ...

The concept of animal spirits has gained renewed attention in the field of behavioral economics. The origins of the concept go ...

The authors examine bubble theories in relation to put warrants that were issued during the Chinese stock ...

With references to such current events as Occupy Wall Street and historical references dating back centuries, the author ...

During the 2007–09 global financial crisis, hedge funds significantly reduced their U.S. equity holdings. The authors quantify ...

Researchers have discovered that the human brain is hardwired to focus on just one thing at a time. Implications of this are ...

Modern finance portrays investment decision-making as rational choice. However, pure rationality does not describe how many ...

Little has been done to improve the overall state of investment management on the basis of our growing knowledge of ...

In the adaptive markets hypothesis (AMH) intelligent but fallible investors learn from and adapt to changing economic ...

Investors’ failure to understand the two different types of thinking is costly, says Nobel laureate Daniel Kahnman

Rogue traders are disturbingly common.

Greg B. Davies discusses his new book Behavioral Investment Management: An Efficient Alternative to Modern Portfolio Theory and ...

Greg B. Davies examines two modes of decision making — the long-term, deliberative mode and the short-term, intuitive, emotional ...

The authors test earnings management as a likely determinant of the delayed market response to earnings news. The delay anomaly ...

Dynamic loss aversion is the tendency to incorporate previous experiences withlosses and gains into current investment decisions. ...

The area of the human brain that deals with emotions is the same area thatprocesses information about risk, rewards, and ...

The author finds that institutional investors fail to achieve superior returnsand seem to lack stock-picking skills. Institutions ...

The authors examine how behavioral biases affect the mutual fund choices ofindividual investors. They analyze several behavioral ...

The authors use Google Trends’ search volume index (SVI) to measureinvestor attention. They find that the SVI is correlated with ...

In a victory for behavioral economics and finance the UK's financial regulator will be more interventionist on behalf of ...

A good primer for critical thinking in the presence of credentialed bluster.

Is hindsight “an insidious cognitive error” that will prevent us from learning the right lessons about the ...

Michael Lewis profiles Daniel Kahneman, the Nobel Prize-winning psychologist and author of Thinking, Fast and Slow, published in ...

Howard Marks, CFA, discusses a right-brain approach to investing and how risk control is the hallmark of an investment ...

Andrew W. Lo discusses specific behaviors including risk-sensitive foraging, risk aversion, loss aversion, probability matching, ...

When investors let emotions drive their decision to sell their equity positions during times of high volatility, they have fallen ...

The Economist highlights recently published research that examines human cooperation in a variety of settings where constraints ...

Michael B. Miller discusses how business owners can teach their children money values that prepare them to assume effective ...

Many investors unintentionally imperil their investment portfolios by doing things such as ignoring their time horizons and ...

Michael Lewis profiles Daniel Kahneman, the Nobel Prize-winning psychologist, in the December 2011 issue of Vanity Fair. Kahneman ...

Taking advantage of a change in the French stock market, the authors test whether retail trading has a positive effect on the ...

Using 10 years of mutual fund performance data, the authors test two theories of decision making: group shift theory and ...

The authors develop and test a metric that is a proxy for the use of value-weighted portfolios in a market. Their results ...

A 2009 Barron’s article identifies several phrases companies use in their U.S. SEC filings that should raise red flags for ...

The authors study whether investors overweight stocks in their industry of employment and, if so, whether they earn positive ...

The authors examine the portfolio choices of young agents with low wealth-to-income ratios. To derive a clear representation of ...

An overview of fifty years of research by one of neuroscience's pioneers, Dr. Michael Gazzaniga. A nice discussion of the sources ...

In an article adapted from his book "Thinking, Fast and Slow", Daniel Kahneman, a Nobel laureate and pioneer of ...

New research in the fields of psychology and sociology is informing the financial industry about the role of networks in ...

People have flawed memories rather than accurate recordings of things that have happened. Most investors have flawed memories ...

Cutting edge research demonstrates that the act of decision making leads to fatigue and, ultimately, to poor choices. Techniques ...

Most unexpected price changes in bonds occur during economic news announcements. Liquidity shocks—measured using bid–ask spreads, ...

The authors describe a methodology for recognizing and minimizing cognitive biases when reviewing third-party recommendations. ...

Using survey data to judge how analyst forecasts are related to evaluations of companies’ industry competitiveness, strategic ...

Using idiosyncratic volatility as a proxy for arbitrage costs, the authors found that the highly publicized accrual and asset ...

Researchers provide a comprehensive review and analysis of extant lie detection research. The authors then suggest ways of ...

Many advisers are moving in the direction of client relationship management and are therefore managing clients’ financial hopes, ...

The risk, opportunities, and challenges facing the global investment profession are as complex as ever and investment ...

Michael S. Falk, CFA, discusses the intellectual and emotional struggles inherent in investing and how the brain processes ...

Hersh Shefrin examines the relationship between behavioral psychology and financial market regulation. He presents applications ...

Werner DeBondt discusses the elements of bubble psychology and behavioral asset pricing, focusing on euphoria and hysteria ...

Paul J.H. Schoemaker reviews the history of behavioral decision theory and discusses the discipline’s future development and ...

Joachim Klement, CFA, discusses what neuroscience research reveals about how our memories work and analyzes how our flawed ...

Gerald Ashley and Christopher Charlton evaluate from a behavioral finance perspective the hidden factors that influence currency ...

Richard Taffler and David Tuckett discuss the practical aspects of emotional finance and the role of the unconscious in ...

As a result of lessons learned from the financial crisis, clients are now much more involved in managing their investment ...

The author uses the fund flows surrounding the abusive-timing and late-trading practices in mutual funds that were revealed in ...

The authors examine short- and long-term seasonal anomalies in international stock returns to determine linear predictability and ...

The authors examine the relationship between extreme one-day returns on common stock and subsequent returns; the results indicate ...

John Authers examines the growth of the financial markets and offers a big-picture view of some of the main events of the past ...

This paper helps financial advisers understand the key issues inhibiting investors from making good decisions — investor ...

Investors have learned from the global financial crisis that markets are adaptive, complex networks and that risk is not ...

The authors find predictable patterns in stock returns. Stocks whose relative returns are high in a given half hour today ...

The authors test a hypothesis that genes may play a role in defining investors’ risk preferences. They match data on ...

The results of this study contradict those of previous studies regarding investor bias in local stock investments. ...

Contrary to basic finance principles, high-beta and high-volatility stocks have long underperformed low-beta and low-volatility ...

Behavioral finance is a framework that augments some parts of standard finance and replaces others. This article, ...

Fear affects investment decisions just as it does other decisions in life. This article, previously published in Your Money and ...

Neuroeconomics reveals much about investing behaviors and explains deviations from the rational expectations model. ...

This article, previously published in The Known, the Unknown, and the Unknowable in Financial Risk Management in 2010, looks at ...

This article, previously published in the Financial Analysts Journal in 1999, addresses the “controversy” surrounding behavioral ...

Behavioral finance provides respectability to the notion that individuals’ decisions are sometimes inconsistent with ...

This Editor’s Preface introduces the topic of this book (behavioral finance) and provides the editor’s brief personal ...

The impact of the psychology of the portfolio manager on the behavior of the stock market is addressed in this article, ...

Many advisers are moving in the direction of client relationship management, and are therefore managing clients’ financial ...

Fred Speece, Jr., CFA, explores the underlying motivations of investors’ “herding” instincts, as well as the rewards offered to ...

In his presentation, Christopher Malloy explains such phenomena as investor behavior, managerial behavior, and asset pricing. He ...

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment ...

Culture and experience associate A with superior quality. In the marketing of dual-class IPOs, issuers are mindful of this ...

Although highly evolved, human cognitive ability is not necessarily well adapted to the challenges of modern life. Memories tend ...

The author examines the impact of mutual fund incubation on fund return performance and fund flows. Results indicate that ...

Could greater diversity of decision-making processes improve market stability?

The author examines the predictive ability of the moving average ratio (MAR) for future returns. He discovers that the predictive ...

The authors propose a new portfolio optimization method that incorporates the intuitively based risk and return parameters ...

A comprehensive collection of materials on behavioral finance and its psychological foundations, including applications such as ...

This practitioner-oriented book takes the subject of behavioral finance from the quaint and theoretical to the powerful and ...

The authors examine foreign bias from the perspective of culture-specific variables: uncertainty avoidance, individualism, ...

In this webcast, George Cooper discusses the origins of financial market instability as well as his belief that appropriate ...

Despite confirming the continuing downward trend in profitability of pairs trading, this study found that the strategy performs ...

Now more than ever, the investment industry needs strong ethical leaders. So why do firms often engage in practices that betray ...

Contrary to majority opinion in university departments of finance, markets are not efficient; they are inefficient. Furthermore, ...

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment ...

In this webcast, Richard L. Peterson discusses the following: Understand how investor emotions underlie mental biases, ...

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment ...

The authors test a simple method for estimating the proportion of skilled and unskilled funds in the mutual fund population and ...

The authors identify and test two hypotheses related to stock market mispricing levels and volatility: the money illusion ...

The authors examine recent theories about a relationship between high idiosyncratic skewness and low expected stock returns. ...

Dr. Ariely walks us through a series of illuminating experiments to refute the assumption that we behave in rational ways. He ...

This video from PBS explores the idea of rational markets in an irrational world.

In this podcast, Christopher Blum, CFA, discusses how to incorporate behavioral finance principles into equity investing, and ...

One of the most important roles of the investment performance measurement professional is to evaluate the skill of investment ...

In this episode, Harold Evensky discusses the following: How behavioral biases affect individual decision making ...

In this podcast, Meir Statman discusses the following: Investors want portfolios that are consistent with their values and ...

This study examined why stocks that experience high abnormal trading volume around earnings announcements earn high returns. The ...

Given the multiple market disruptions of the past decade, including the technology bubble breaking, energy price volatility, and ...

Given the multiple market disruptions of the past decade, including the technology bubble breaking, energy price volatility, and ...

In this episode, Jason Zweig discusses the following: Importance of trust in our financial system – long lasting effects of ...

The author claims that the current global credit crisis is not unique. He examines financial history as far back as the 1600s ...

The authors study the investment decisions made by mutual fund managers during the technology bubble in the late 1990s. They ...

The authors define “Black Swan” events as low-probability events that have an extreme impact and are nearly impossible to ...

Recent events have highlighted the fact that investors still do not understand how markets work. The author reviews how leading ...

After controlling for common risk factors, the authors find that stocks with no media coverage tend to earn higher returns than ...

The investor distraction hypothesis states that investors underreact to news when multiple demands are placed on their ...

Over the past four centuries, financial crises have occurred at semi-regular intervals of approximately once a decade. Their ...

This monograph is a collection of articles by distinguished academics and practitioners who are known for their wisdom regarding ...

Portfolio choices can be influenced by how much patience investors have. Although this factor may not be apparent in a market ...

You did it. As the head of performance and risk analysis, you’ve selected, licensed, and installed a powerful ...

SuperFreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance, written by ...

What can computer games tell us about the investment decision-making process? Plenty, say researchers.

This foreword is front matter in the Research Foundation book Insights into the Global Financial Crisis.

This is a chapter in the Research Foundation book Insights into the Global Financial Crisis.

This is a chapter in the Research Foundation book Insights into the Global Financial Crisis.

This is a chapter in the Research Foundation book Insights into the Global Financial Crisis.

The global financial crisis of 2007–2009 is unprecedented in modern times. Nevertheless, it can be better understood by taking a ...

This book uses entertaining illustrations to make important points about decision making, including the following: (1) Expert ...

The authors look at clairvoyant value, which is the future fair value of a stock. They examine a sample of stocks during the ...

The authors simulate investor trading behavior that follows prospect theory to see if such behavior leads to a disposition ...

U.S. share prices hovered around $35 in nominal terms from 1933 through 2007 because of a tendency for companies to split their ...

The authors study the share-price effects of investors having a confirmation bias (i.e., the tendency to interpret new ...

The authors consider two psychological attributes that may play a role in investors’ tendency to trade stocks—sensation seeking ...

In this article, John Cassidy discusses how individually rational behavior can lead to crashes in the economy when aggregated ...

The Myth of the Rational Market offers an entertaining and in-depth look at the modern history of the ...

In this podcast, Alistair J. Byrne, CFA, discusses the following: Behavioral finance vs. traditional finance explained ...

 This was published as an Item of Interest.

The authors study the relationship between investment decisions and the dimensions of emotional intelligence, ...

The authors investigate the importance of trust in understanding why some individuals invest in stocks and others do not. They ...

The key question about the current financial crisis is how so many investors could have mispriced risk in the same way and at the ...

By applying cumulative prospect theory, the authors develop a model to determine equilibrium prices for assets that have skewed ...

In this webcast, Christopher Malloy discusses the following: How can we better understand such phenomena as investor ...

In this interview with EconTalk, Justin Fox discusses themes from his book, The Myth of the Rational Market, such as systemic ...

The ability to manage stress can affect the quality of decisions.

When the Aureodigititis Foundation calls, give generously. The career you save may be your own.

In this webcast, Frank Murtha discusses the following: The hidden drivers of investment decisions. How fear and greed ...

In this webcast, Meir Statman discusses the following: Why do clients think that diversification has failed and that market ...

The current global financial and economic crisis highlights the ongoing tug-of-war between those who pull toward free markets ...

The key question about the current financial crisis is how so many investors could have mispriced risk in the same way and at ...

Using a design involving a between-subjects experimental manipulation, this study surveyed 742 Finnish financial advisers about ...

The authors compare 16 mutual funds that follow a behavioral finance strategy with the market and with “matched” ...

Voluntary disclosure of long-horizon earnings forecasts during the 1996–2004 period is used to examine whether ...

The authors demonstrate that a rise in oil prices significantly lowers future stock returns (particularly for developed ...

In this short video webcast, Dan Ariely, author of Predictably Irrational, answers the question "what is behavioral ...

Current market conditions, dire as they are, represent not a black swan but a predictable surprise. Unfortunately, ...

In Michael Mauboussin’s new book on finding financial wisdom, the prominent investment strategist suggests that investors can ...

In this study, the authors examine mutual fund flows to consider whether retail investors hurt their own returns by ...

The authors examine the performance of investment managers pre- and post-termination and hiring decisions. In ...

The authors develop a model that has two components of risk: traditional risk (volatility) and regret risk. They apply ...

The authors present Fama–French and Fama–MacBeth regressions to analyze financial distress risk and momentum in U.K. ...

Previous research has shown that earnings announcements affect not only the announcing company but also other companies ...

The authors use survey data about household income and wealth composition to test whether the effects of liquid wealth ...

The author looks at the returns of stocks that are widely favored by small retail investors versus those that are out ...

Professors Kahneman and Taleb discuss human behavior and the financial crisis including agency problems, time inconsistencies, ...

This brief article discusses the statistical “second moment” that measures the variability in a distribution. Over the years, ...

In this webcast, Gillian Tett explains the market’s collective reaction to the global financial crisis using the Kubler-Ross ...

Value and momentum strategies have worked since 1990, perhaps even as far back as 1926. But combined, they are even ...

Behavioral economist Dan Ariely, the author of Predictably Irrational, illustrates through visual games and choice architecture, ...

In this webcast, Jean L.P. Brunel, CFA, discusses the following: Using (inadequate) current tools for optimizing private ...

As reported in previous studies, few consumers annuitize their retirement savings despite the welfare gains predicted ...

The authors present evidence that investor sentiment has a larger effect on the stocks of companies that are difficult ...

The momentum anomaly is the observed regularity that on average, stocks that have recently performed well continue to ...

The authors of this study explore the reasons behind the persistence of abnormal momentum-based returns. They show that ...

Previous research suggests that weather-induced changes in mood affect market performance. Although the authors verify ...

In his book, Jason Zweig draws on the latest research in psychology, neuroscience, and economics to help us better understand our ...

Behavioral finance has made important contributions to the field of investing by focusing on the cognitive and ...

Trust and low financial literacy, often overlooked, can deliver a one-two punch to retirement savings.

This lively book introduces a promising line of inquiry into why market players act as they do. Neuroeconomics is a ...

Prior studies have documented long-run stock market underperformance after security offerings. Some studies conjectured that the ...

Money illusion causes persistent mispricing in U.K. and U.S. house prices. As inflation decreases, people prefer to buy ...

Extreme one-week stock returns reverse in the short run. Returns during the subsequent 52 weeks, however, are in the ...

It has been generally believed that the tendency for stock price performance to persist in the short term (momentum) ...

In this study, the authors consider the net selling and buying behavior of institutional investors and individual ...

This article furthers the study of the effect of noise (quality of prices) on returns. The authors review several ...

Feng and Seasholes investigate the role of gender among investors in the People’s Republic of China. Although the ...

This study shows how investors who care about their own consumption as well as their relative wealth have an incentive ...

Employees typically hold more employer stock in their 401(k) retirement plans than portfolio theory suggests rational ...

Stocks, like houses, cars, watches, and other products, exude “affect”—that is, they are considered good or bad, ...

The author discusses five major turning points in U.S. real estate and stock markets and offers a possible “behavioral” ...

This study examines the relation between market valuation and traditional accounting information before, during, and after the ...

This study examines the portfolio decisions of experienced and inexperienced mutual fund managers during the technology bubble of ...

In this podcast, Jason Zweig, Meir Statman, and Arnold S. Wood discuss the following: Preventing judgmental errors or ...

In this webcast, Brad M. Barber discusses the following: Trading patterns of individuals and evidence of how active ...

That behavioral finance has revolutionized the way we think about investments cannot be denied. But its intellectual appeal may ...

This study investigated the asset allocation behavior of individuals who select an out-of-the-money long-dated longevity-put ...

Market reversals over the long run have been previously explained as an irrational overreaction to news. New research ...

New research examines how emotions affect investor behavior.

Is behavioral transparency more telling than financial transparency?

This set of videos is based on the behavioral finance book Predictably Irrational by Dan Ariely. The videos are located halfway ...

In this webcast, Meir Statman discusses the following: Do aversion to risk, aversion to regret, attraction to ...

Expected alpha from active fund managers can be forecasted—as long as one is mindful of the rules of the zero-sum game of ...

Stocks, like houses, cars, watches, and other products, exude “affect”—that is, they are considered good or bad, beautiful or ...

The efficient market hypothesis (EMH) is an elegant theory that relies on overall investor rationality. But research in ...

The stock markets of countries whose national soccer teams have lost major international matches suffer a statistically ...

Default options are choices made by retirement plans for individuals who do not make choices themselves. Research indicates that ...

Research indicates that decision makers behave more rationally as the stakes increase. Because of the safety net provided by ...

Addressing five key questions regarding retirement planning and income, RIIA has concluded that (1) the market shift from asset ...

Income annuities should not be overlooked when choosing a mix of products for retirement income. Annuities can provide fixed or ...

Life care annuities address inefficiencies in the market by combining a life annuity and long-term care insurance, thus blending ...

As employers are withdrawing from providing both defined-benefit retirement plans and postretirement health care benefits, ...

Employers have changed their retirement benefits offerings because of financial realities, one such reality being the costs ...

Businesses are right to drop defined-benefit pension plans, but institutions must be designed to replace them. Although ...

With defined-benefit plans in decline and Social Security under stress, individuals are becoming increasingly responsible for ...

The author leaves this conference with the following concerns: (1) Lifetime consumption smoothing is unrealistic, but combined ...

The next generation of retirement products will provide the user-friendliness and simplicity of defined-benefit plans, but they ...

Overview.

As the payout period becomes increasingly important in retirement planning, individuals and organizations must consider the ...

Can behavioral finance solve problems with retirement planning?

Mr. Montier applies a broad range of behavioral finance principles to the institutional investor through a series of stand-alone ...

In April 2000, 30 stocks were replaced in the Nikkei 225 Index. The unusually broad index redefinition allowed for a study of the ...

Research into the relationship between investor sentiment and asset prices suggests that sentiment may sometimes describe ...

This practitioner-oriented book uses some of the latest advances in the neurology of economic decision making to help investors ...

This singular book describes developments since 1992 when Capital Ideas appeared; aside from the rise of behavioral ...

Behavioral finance examines the biases that investors (individual and professional) incorporate in their investment ...

The author tests the extent to which mental accounting—the framing of gains and losses—affects the trading decisions of ...

The authors find that trading volume is positively related to past returns, both for marketwide and individual security turnover. ...

Individual investors, in general, trade more than is good for them. Behavioral finance offers several ...

Because people are more path dependent than terminal utility dependent, traditional portfolio optimization and investment ...

This delightful, well-structured, and well-researched book provides advisers a valuable manual for counseling ...

With Januaries (a month in which lagged “losers” typically outperform lagged “winners”) excluded, the average monthly return to a ...

The authors study the long-term performance of “concept stocks,” which they define as those stocks in the 91st–100th percentiles ...

The seemingly persistent divergence of stock prices from fundamentals during the bull market of the 1990s has encouraged strong ...

The authors develop a model whereby the trades of irrational investors feed back to a company’s fundamentals. Specifically, the ...

In this entertaining and provocative book, the author delivers a defense of gambling and minimizes the difference ...

Long-termism (or long-term thinking) is no panacea for investment decision making, but it does offer advantages over ...

Committees are a fact of life in the business world, and managing committee dynamics to enhance decision ...

Analysis of broad samples of value-weighted and equal-weighted returns of U.S. equities documents that abnormally high rates of ...

The paper seeks to determine whether Taiwanese investors exhibit behavioral investing patterns consistent with overconfidence. It ...

Theoretical and quantitative in orientation, this book provides a thorough analysis of the sentiment factor, which stems from ...

Some experts say modern portfolio theory is just a special case with limited significance.

Putting behavioral finance into practice can pay.

This article addresses the following key points: • Behavioral interpretation of core–satellite management incorporates cognitive ...

This article addresses the following key points: • According to some experts, a "very real" connection exists between ...

The search for incremental returns—“alphas” in current parlance—has become the holy grail of active investment. This article ...

Modern finance theory, modern portfolio theory, neoclassical economics—the ideas bestowed on us from 1952 to 1973 by the giants ...

Recently, numerous studies espousing theories from experimental psychology have attempted to explain asset-pricing anomalies. The ...

Modern finance theory, modern portfolio theory, neoclassical economics—the ideas bestowed on us in 1952–1973 by the giants in our ...

The search for incremental returns—“alphas” in current parlance—has become the holy grail of active investment. This article ...

Modern finance theory, modern portfolio theory, neoclassical economics—the ideas bestowed on us in 1952–1973 by the giants in ...

Investors were "normal" in 1945 when the first issue of the Financial Analysts Journal was published, and they remain ...

The search for incremental returns—"alphas" in current parlance—has become the holy grail of active investment. This ...

In the early years of the investment industry, investors were considered to be “normal.” But then starting in the late 1950s, ...

Despite the growth of investments by individuals in bond funds, no research has investigated the determinants of these money ...

The author proposes the adaptive markets hypothesis (AMH), which reconciles the efficient market hypothesis with the critiques of ...

The capital asset pricing model (CAPM) provides an appealing explanation of the relationship between risk and asset returns. The ...

Investors were “normal” in 1945 when the first issue of the Financial Analysts Journal was published, and they remain normal ...

Strategies that entailed country selection based on relative strength (momentum) posted significant market ...

Strategies that entailed country selection based on relative strength (momentum) posted significant market risk–adjusted returns ...

Divergence of opinions among investors, manifested in the dispersion of analysts' earnings forecasts, may play an important role ...

Large investment firms are finding different ways of incorporating behavioral finance principles into their private client ...

Meir Statman compiles insights from much of his research in this comprehensive review of how investors make financial decisions. ...

National Public Radio discusses research that demonstrates fluctuations in a CEO's voice on quarterly earnings conference calls ...

GMO's James Montier discusses his interest in behavioral finance with the Financial Times.

Investors are investing in a time of turbulence. This turbulence is not unusual, but it might seem unusual because ...

Wall Street Journal article that discusses a simple technique to improve your ability to recall critical information. ...

An overview of the importance of creativity and some tips for achieving greater creativity.

Certain investor behavior produces the conditions for a tactical asset allocation strategy to do well — but the same behavior ...

Criticisms of the tools used by neuroscience to assess brain function.

A reminder of the limitations of science in determining absolute proof in a rigorous setting: criminal trials. ...

Investors tend to think of expected returns as a function of asset class risk, but this thinking may have led them to ...

Researchers find that overconfidence is rewarded socially, reinforcing risk-taking.

A review of the many business schools that are now including meditation as a personal business practice in their curriculum to ...

Economists, including Nobel laureate Daniel Kahneman, are focusing on happiness as a measure of economic well-being.

Results of research reported in The Economist suggest that cheating is a natural behavior, mitigated by contemplation.

An overview of two new brain scanners that are highly effective at detecting lies.

In this six-part series, Meir Statman discusses emotional influences on investor behavior, including affect, fear, regret, and ...

This PDF comprises a series of columns that first appeared in the Monitor in 2005 and 2006. The columns cover six investor ...

This article explains how to identify aggressive investors and techniques to address their biases productively.

This article provides a description of how to classify clients into behavioral investor types.

Behavioral biases and investor psychology play an important role in the dynamic between an adviser and their client. This article ...