For nearly three decades, scientific studies have explored momentum investing strategies
and observed stable excess returns in various financial markets. However, the trading …

This paper tests the exponential growth bias of undergraduate students at a top-level university
in the United States and explores the potential drivers that influence the size of this bias. …

Exponential growth effects play a major role in many household finance decisions. A systematic
bias in dealing with exponential growth can lead to poor savings and debt decisions. In …

US stocks between 1968 and 1989. They found that buying so-called winner stocks (defined
as the top 10% of stocks with the highest returns over the past 3, 6, 9, or 12 months) and …

Previous research shows that individuals make systematic errors when judging exponential
growth, which has harmful effects for their financial well-being. This study analyzes how far …

This paper examines the historical risk-adjusted returns of two hedging strategies designed
to minimize downside market risk: Protective-puts and covered-calls. Using US market data …

We conduct an experimental study that tests the effectiveness of de-biasing a certain form of
exponential growth bias found in household finance debt decisions, called the amortization …

This study analyzes the potential effectiveness of using simple technical analysis indicators
to determine the overall riskiness of portfolio asset allocation. Using the 200-day simple …

Purpose The purpose of this paper is to investigate how the 401(k) auto-enrollment rate
influences the size of elected contribution rates in defined contribution plans for new, young …

The authors empirically examine the effectiveness of trailing stop-loss (TSL) strategies in
generating excess returns for individual investors. Using data from January 1, 2001, to …