Neuroeconomics and Neurofinance

Peterson, Richard

doi:10.1002/9781118258415.ch5

Cited by 16 publications

(14 citation statements)

References 44 publications

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“…The market simulation was used to examine financial behaviors and financial decisions and the effect of hormones in most of the articles reviewed in this study (FRYDMAN et al, 2014;Kamiya et al, 2019;Peterson, 2011). It is suggested that the models of these articles be used for future research.…”

Section: Conclusion and Discussionmentioning

confidence: 99%

“…To collect the required information for the theoretical foundations of the research and to form a conceptual model, the latest scientific articles and books related to behavioral and neurological finance and for hormonal data, the blood test was used. It was used to identify the research variables according to (Herbert, 2018;Kamiya, Kim, & Park, 2019;Nadler & Zak, 2016;Peterson, 2011) models. To test hormones, testosterone, free testosterone, and cortisol were added to the hormones according to previous research models and thyroid hormones (T3, T4, and TSH) to expand the scope of the study.…”

Section: Methodsmentioning

confidence: 99%

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A Perusal of Managers' Optimism Pursuant to the Rate of Hormones in Blood

Nouraei

Molgharni

Noravesh

et al. 2020

IJFIFSA

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The objective of the current survey was to excavate the effect of the rate of hormones in the blood, age, and gender on the financial behavior of managers. Also, preparing and propounding the neurofinance model of financial behaviors that have generated anomalies such as optimism in the market is other intentions of this study. This research has been operated with an inductive approach and experimentally in a one-time period in a statistical population consisting of 37 male and female managers with an average age of 25-60 years. The amounts of the testosterone, free testosterone, cortisol T3, T4, and TSH were deliberate in a medical diagnostic laboratory with a blood test. Managers' optimism data were accumulated with a standardized questionnaire straight away afterward receiving the blood sample. The prepared data were analyzed with SPSS and LISREL and RSM software. The outcomes demonstrated that age has a significant inverse relationship with optimism.Free Testosterone; T4 and testosterone play an inverse role in optimism augmenting. Cortisol and T3 are straightly related to optimism. Also, financial behavior is further related to the dimension of optimism in women than men, and with growing older, optimism decreases. The significant effect of testosterone and cortisol, age and gender on optimism, confirmed the effect of these hormones on the financial behavior in other studies. The effect of testosterone and thyroid hormones on optimism was considered in this survey for the first time.

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Section: Conclusion and Discussionmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

A Perusal of Managers' Optimism Pursuant to the Rate of Hormones in Blood

Nouraei

Molgharni

Noravesh

et al. 2020

IJFIFSA

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show abstract

“…Область досліджень, яка прагне зрозуміти прийняття фінансових рішень, поєднуючи розуміння психології та нейронауки з теоріями фінансів, сьогодні визначають як нейрофінанси [2,28,41]. Його апологети стверджують, що мозок людини на основі процесів розвитку протягом всього періоду існування людини як виду істот не еволюціонував до того стану, щоб приймати оптимальні фінансові рішення, а питання грошей стоїть на другому плані після первинних потреб.…”

Section: References (In Languageunclassified

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2020

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“…Excess confidence makes people feel good and moves them to do things they might not otherwise have done and it may lead to decisions that are less than fully rational. Overconfidence is occasionally characterized as a delusion of control and to overstressing what can be anticipated from undeniably "better-than-average" competence and performance (Peterson, 2010). Managers or owners of firms who engage in a variety of investments abroad may behave in an irrational way and their expectations about the future may lead to overconfidence ignoring pertinent information concerning FDI location decisions.…”

Section: Overconfidencementioning

confidence: 99%

The Impact of Psychological Biases on Foreign Direct Investment (Fdi): The Case of Turkish Investors in Ethiopia

Ali¹,

Oran²

2018

JRB

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This paper aims to assess whether there is a behavioral bias of Turkish FDI investors in Ethiopia. Besides, it addresses the influence of firm size, investment duration, target customers and amount of investment on the behavioral variables. In order to do so, a survey was conducted on a sample of Turkish FDI investors in Ethiopia which tries to examine their cognitive psychological factors towards their investment decisions. The survey result was analyzed using factor analysis. The statistical findings confirm that some psychological anomalies such as representativeness, herding, regret aversion and mental accounting have been observed on Turkish FDI investors. The regression analysis shows that amount of investment of the firms significantly and positively affects herding, representativeness, regret aversion and mental accounting behaviors. Furthermore, duration of investment in Ethiopia affects their representativeness and mental accounting behavioral biases of investors positively.

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Neuroeconomics and Neurofinance

Cited by 16 publications

References 44 publications

A Perusal of Managers' Optimism Pursuant to the Rate of Hormones in Blood

A Perusal of Managers' Optimism Pursuant to the Rate of Hormones in Blood

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The Impact of Psychological Biases on Foreign Direct Investment (Fdi): The Case of Turkish Investors in Ethiopia

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