Behavioral Finance and Investor Psychology
A lab experiment reveals a hidden bias against artificial agents
People cooperated with machines and humans alike in one-shot games, but in repeated play they exploited artificial agents more, defecting even when they expected the machine to cooperate, a new lab study finds.
When housing booms lift spending, only landlords seem to notice
A study of Korean household data finds that rising home prices boost consumption almost exclusively among multi-property owners, while renters and single-home owners show little or slightly negative responses.
Overconfident CEOs are linked to bumpier inventory swings, study finds
A study of U.S. manufacturers from 1992 to 2020 finds that firms led by overconfident CEOs show more volatile inventory patterns, with the effect strongest among companies holding smaller shares of their industry.
A gap in financial honesty may matter more than the amount hidden
New research finds that when one partner hides money and the other stays open, the gap between them predicts lower savings and less relationship satisfaction, more reliably than the total amount of secrecy in the marriage.
Gold, gifts, and getting married: A new look at how commodity prices shape marriage timing
A new study finds that when gold prices rise faster in China, first-time marriage registrations also grow faster, suggesting couples move up wedding plans to avoid paying more later.
What brain scans reveal about the gender gap in financial risk-taking
Why do women tend to take fewer financial risks than men? A brain-imaging study offers evidence that a link between emotion, numbers, and future-thinking regions relates to caution in women, but not men.
When Wall Street sleeps, Bitcoin listens: New research maps who really moves crypto prices
Hourly data on Bitcoin and 12 global stock indices suggests equity markets shape crypto prices most strongly when they're closed, with U.S. and Canadian markets exerting the largest pull.
Overestimating your financial knowledge doubles your odds of credit card delinquency
A study of nearly 20,000 Americans finds that overrating your own money knowledge is linked to more credit card trouble, but the connection appears weaker for women than for men.
Crypto investors more likely to skip mortgage payments and misuse credit cards, study finds
A new study finds that people who invest in cryptocurrency are more likely to pay mortgages late, misuse credit cards, and borrow from retirement accounts, with the pattern strongest among social media users.
When a “green” surcharge backfires: Why donating fees to charity can undermine the policies they support
A study across a lab experiment and a subway field trial finds that donating surcharge proceeds to charity can substantially weaken the policy's ability to change behavior, unless payers get to pick the beneficiary.