Behavioral finance tries to make sense of financial data using models that are based on
psychologically accurate assumptions about people's beliefs, preferences, and cognitive …

Purpose Innovation is the way of life and we see various innovative techniques and methods
being introduced in our daily life. This study aims to focus on digital innovation in the wealth …

This article presents an overview of literature on behavioural and experimental asset pricing
theory. We systematically review the evolution and current development of behavioural …

We present a model of media coverage of corporate announcements. Firms strategically use
the media to communicate corporate announcements to a group of traders who observe …

This article summarizes research on the macroeconomic aspects of the housing market. In
terms of the macroeconomic stylized facts, this article demonstrates that with respect to …

The behaviourally based portfolio selection problem with investor's loss aversion and risk
aversion biases in portfolio choice under uncertainty is studied. The main results of this work …

This paper studies market selection in an Arrow-Debreu economy with complete markets
where agents learn over misspecified models. In this setting, standard Bayesian learning …

Experimental evidence suggests that people are more sensitive to losses than gains by a
factor of about two. Researchers have drawn implications from loss aversion to understand …

In this paper, I consider an exchange economy with complete markets where agents have
heterogeneous beliefs and, possibly, preferences, and investigate the Market Selection …

I propose a consumption-based asset pricing model with disappointment aversion to
investigate the link between downside consumption risk and expected returns across asset …