Two hundred and four students of economics and finance participated in an intertemporal
choice experiment which manipulated three dimensions in a 4 × 4 × 4 factorial design: …

Health related research documents that air pollution has negative mood effects. Experimental
works in psychology relate bad mood to increased risk aversion. Studies in financial …

This study investigates the relationship between macro‐economic factors and the time
pattern of the degree of merger activity in the US economy. The results of the study imply that …

This study investigates the causal relationship between the Volatility Index (VIX), as an indicator
of fear sentiment, and the price of gold futures. We apply tests of causality in-mean and …

Using data for about 50,000 actual household investment accounts, we document that financial
advice reduced investors’ tendency to leave the stock market during the market crash of …

Purpose – The purpose is of this paper is to investigate whether the tracking ability of
exchange traded funds (ETFs) is lower in highly volatile periods, and to shed more light on the …

This study investigates another calendar anomaly the literature does not yet address – the
week-of-the-year (WOY) effect. Using the weekly returns on the stock market indexes of 20 …

Using data from about 290,000 household investment accounts, we provide a comprehensive
analysis of the role of personal economic and demographic characteristics in determining …

The literature has established that retail investors are “net buyers” of attention-grabbing
stocks. In this study, the authors utilize a unique dataset of actual information about 290,000 …

This paper tests the efficiency of the football betting market and develops a model of the
determinants of the closing spread. The empirical results suggest that the football betting market …