Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Different investors–different decisions: On individual use of gain, loss and interest rate information
Stockholm University, Faculty of Social Sciences, Department of Psychology, Cognitive psychology.
2017 (English)In: Journal of Behavioral and Experimental Finance, ISSN 2214-6350, E-ISSN 2214-6369, Vol. 15, p. 59-65Article in journal (Refereed) Published
Abstract [en]

This study investigated how accumulating gains and losses, described as annual interest rates, influenced investment behavior. Investments after gains were on average greater than after losses regardless of the gain and loss interest rates. However, greater variance of interest rates gave some weight to that variable for gains but not for losses. We also analyzed the influence from different information cues on each participant’s investments. This revealed that interest rates influenced participants very differently, some invested more with increasing gains, or with increasing losses, while others invested less. This finding explained why interest rate was a weak predictor on the group level. Furthermore, our individual analyses showed an increased sensitivity to interest rates and judged future asset accumulations when the interest rate variance was greater. Finally, subjective reports of the importance of different cues for the participants’ own investments showed only some understanding of the cues influence on the investments.

Place, publisher, year, edition, pages
2017. Vol. 15, p. 59-65
Keywords [en]
information processing, asset judgments, investments, accumulating gain, accumulating loss, interest rate, decision making
National Category
Psychology Economics and Business
Research subject
Psychology
Identifiers
URN: urn:nbn:se:su:diva-150668DOI: 10.1016/j.jbef.2017.07.001ISI: 000417638900007OAI: oai:DiVA.org:su-150668DiVA, id: diva2:1170021
Note

This study was supported by funding from the Department of Psychology, Stockholm University and the Swedish Research Council. The author wants to thank Ola Svenson for valuable comments on earlier versions of the paper.

Available from: 2018-01-02 Created: 2018-01-02 Last updated: 2018-01-08Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full text

Search in DiVA

By author/editor
Gonzalez, Nichel
By organisation
Cognitive psychology
In the same journal
Journal of Behavioral and Experimental Finance
PsychologyEconomics and Business

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 29 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf