Behavioral Finance and Investor Psychology
New study: A gorgeous office won’t make you more productive, but you’ll think it will
New research finds that people expect to be more productive in aesthetically appealing offices, but their actual performance on cognitive tasks doesn't back up the belief.
Do we really get more cautious with money as we age? It depends on how you ask
Do people really grow more cautious with money as they age? A meta-analysis of 46 studies finds the answer hinges on how researchers measure risk, with surveys and psychological games telling opposite stories.
Shareholder support for women directors shrinks in religious and conservative corporate hometowns
A study of 57,000 U.S. director elections finds that women nominees generally get stronger shareholder support than men, but that advantage shrinks in counties with higher religiosity, more Republican voters, and denser social networks.
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.