Behavioral finance studies the application of psychology to finance, with a focus on
individual-level cognitive biases. I describe here the sources of judgment and decision …

This paper surveys the research on the influence of investor feelings on equity pricing and
also develops a theoretical basis with which to understand the emerging findings of this …

This study investigates the impact of COVID-19 pandemic on the microstructure of US equity
markets. In particular, we explain the liquidity and volatility dynamics via indexes that …

Behavioral finance studies reveal that investor sentiment affects investment decisions and
may therefore affect stock pricing. This paper examines whether the geographic proximity of …

The basic paradigm of asset pricing is in vibrant flux. The purely rational approach is being
subsumed by a broader approach based upon the psychology of investors. In this approach …

Psychological evidence and casual intuition predict that sunny weather is associated with
upbeat mood. This paper examines the relationship between morning sunshine in the city of …

The general level of optimism/pessimism in society is reflected by the emotions of financial
decision-makers. Because these emotions are correlated across economic participants, our …

Behavioral economic studies reveal that negative sentiment driven by bad mood and anxiety
affects investment decisions and may hence affect asset pricing. In this study we examine …

We examine whether investor mood, driven by World Health Organization (WHO) alerts and
media news on dangerous infectious diseases, is priced in pharmaceutical companies' …

This study investigates whether stock market returns are related to temperature. Research in
psychology has shown that temperature significantly affects mood, and mood changes in …