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Three essays on behavioural finance

Defense Thèse de doctorat : Univ. Genève, 2017 - GSEM 39 - 2017/01/26
Abstract The fact that human economic behaviour has a significant irrational element - one that is simultaneously hard-to-explain and highly predictable - has fascinated economists for decades from Fechner, 1860 to Shiller, 2005 and beyond. In this dissertation, I investigate the field from various perspectives: chapter 1 examines the impact that language describing irrational behaviour in the media has on stock markets; chapter 2 looks at whether musical harmonics can predict what choices participants in money-sharing games will make; and chapter 3 takes an existing theroetical model of stochastic decision-making and changes it to help explain phenomena such as the overweighting of small probabilities, the 'willingness-to-accept'-'willingess-to-pay' (WTA-WTP) disparity, and preference reversals.
Keywords BehaviouralFinanceEconomicsAsset pricingLinguisticsIrrationalityMediaStock market returnsVolatilityNoise traderUltimatum gameHeuristicMusicAestheticProbabilistic choiceStrong utilityPreference reversalEndowment effect
URN: urn:nbn:ch:unige-916744
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HEMMENS, Christopher. Three essays on behavioural finance. Université de Genève. Thèse, 2017. doi: 10.13097/archive-ouverte/unige:91674 https://archive-ouverte.unige.ch/unige:91674

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Deposited on : 2017-02-06

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