US economist Richard Thaler has been awarded the Nobel prize in economics in 2017. The Royal Swedish Academy stated that Thaler receives the award “for his contributions to behavioral economics”. How does this contribution look?
How do you measure institutional investor attention? Aggregate attention is easier to capture. You can look at trading volume (which reflects the transactions of all investors) as an indirect measure. You can look at front-page articles in influential newspaper as… Continue Reading →
Job security is of major importance for most people – and fund managers are no exception. In their influential Quarterly Journal of Economics paper “Career Concerns of Mutual Fund Managers” from 1999, Chevalier and Ellison explore whether career concerns affect… Continue Reading →
In previous posts, we discussed how media and firms can succefully draw investor attention. In this post, we shift the focus to investors themselves. The 2016 Journal of Behavioral Finance paper “Investor Attention on the Social Web” by Li, Hendler,… Continue Reading →
July 2017 – what a weather ride! First, temperatures up to 37 degrees Celsius in Stuttgart. Then, downpours for days on end. How did this affect you – apart from having to change plans for outings at short notice, or… Continue Reading →
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