Behavioral insights from (Cumulative) Prospect Theory (CPT) as an innovative theory of decision-making revolutionized financial risk research. Despite its theoretical appeal, the empirical relevance of CPT with regard to ...

This experimental paper exhibits how price paths affect forecasting behaviour. In a setting of various charts subjects make predictions. I find that trend continuation and mean reversion are among the major emerging pattern ...

In this study I will shed new light on investors’ satisfaction levels, risk preferences and trading decisions using stock price development patterns. These patterns significantly influence investor satisfaction and behavior. ...

Which socio-demographic factors influence the risk taking in investments? The literature considering the influence factors of investor risk tolerance is extensive, but also inconclusive. This makes it unclear which factors ...