Lookup NU author(s): Professor Darren Duxbury
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).
Purpose The aim in this second of two companion papers is to further review the insights provided by experimental studies examining financial decisions and market behavior. Design/methodology/approach Focus is directed on those studies examining explicitly, or with direct implications for, the most robustly identified phenomena or stylized facts observed in behavioral finance. The themes for this second paper are biases, moods and emotions. Findings Experiments complement the findings from empirical studies in behavioral finance by avoiding some of the limitations or assumptions implicit in such studies. Originality/value We synthesize the valuable contribution made by experimental studies in extending our knowledge of how biases, moods and emotions influence the financial behavior of individuals, highlighting the role of experimental studies in policy design and intervention.
Author(s): Duxbury D
Publication type: Article
Publication status: Published
Journal: Review of Behavioral Finance
Online publication date: 09/11/2015
Acceptance date: 28/09/2015
ISSN (print): 1940-5979
ISSN (electronic): 1940-5987
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