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Experiences and Asset Price Dynamics

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  • Heinke, Steve
  • Olschewski, Sebastian
  • Rieskamp, Jörg

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Suggested Citation

  • Heinke, Steve & Olschewski, Sebastian & Rieskamp, Jörg, 2022. "Experiences and Asset Price Dynamics," VfS Annual Conference 2022 (Basel): Big Data in Economics 264017, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc22:264017
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    File URL: https://www.econstor.eu/bitstream/10419/264017/1/vfs-2022-pid-69458.pdf
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    References listed on IDEAS

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    5. John Y. Campbell & John Cochrane, 1999. "Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior," Journal of Political Economy, University of Chicago Press, vol. 107(2), pages 205-251, April.
    6. Paul Ehling & Alessandro Graniero & Christian Heyerdahl-Larsen, 2018. "Asset Prices and Portfolio Choice with Learning from Experience," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(3), pages 1752-1780.
    7. Elena Asparouhova & Peter Bossaerts & Jon Eguia & William Zame, 2015. "Asset Pricing and Asymmetric Reasoning," Journal of Political Economy, University of Chicago Press, vol. 123(1), pages 66-122.
    8. Civelli, Andrea & Deck, Cary, 2018. "A Flexible and Customizable Method for Assessing Cognitive Abilities," Review of Behavioral Economics, now publishers, vol. 5(2), pages 123-147, September.
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    13. Alain Cohn & Jan Engelmann & Ernst Fehr & Michel André Maréchal, 2015. "Evidence for Countercyclical Risk Aversion: An Experiment with Financial Professionals," American Economic Review, American Economic Association, vol. 105(2), pages 860-885, February.
    14. Ulrike Malmendier & Stefan Nagel, 2011. "Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(1), pages 373-416.
    15. Camelia M. Kuhnen & Sarah Rudorf & Bernd Weber, 2017. "The Effect of Prior Choices on Expectations and Subsequent Portfolio Decisions," NBER Working Papers 23438, National Bureau of Economic Research, Inc.
    16. Robin Greenwood & Andrei Shleifer, 2014. "Expectations of Returns and Expected Returns," The Review of Financial Studies, Society for Financial Studies, vol. 27(3), pages 714-746.
    17. Christine Kaufmann & Martin Weber & Emily Haisley, 2013. "The Role of Experience Sampling and Graphical Displays on One's Investment Risk Appetite," Management Science, INFORMS, vol. 59(2), pages 323-340, July.
    18. Biais, Bruno & Mariotti, Thomas & Moinas, Sophie & Pouget, Sébastien, 2017. "Asset pricing and risk sharing in a complete market: An experimental investigation," TSE Working Papers 17-798, Toulouse School of Economics (TSE).
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    More about this item

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G01 - Financial Economics - - General - - - Financial Crises
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

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