Zobrazeno 1 - 10
of 181
pro vyhledávání: '"Daniel Dorn"'
Autor:
Daniel Dorn, Pramodkumar Yadav
Publikováno v:
SSRN Electronic Journal.
Autor:
Daniel Dorn
Publikováno v:
The Journal of Trading. 13:17-26
This study uses a student-managed portfolio as a novel setting to examine the effect of crowd wisdom on investment decisions. Crowd wisdom is measured by peer voting at Drexel University’s Dragon Fund, where student managers vote to accept or rejec
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Management Science. 61:2376-2393
This paper offers evidence from three different samples consistent with investors substituting between playing the lottery and gambling in financial markets. In the United States, increases in the jackpots of the multistate lotteries Powerball and Me
Autor:
Daniel Dorn, Gur Huberman
Publikováno v:
Journal of Financial Economics. 97:155-173
The preferred risk habitat hypothesis, introduced here, is that individual investors select stocks whose volatilities are commensurate with their risk aversion. The data, 1995–2000 holdings of over 20,000 clients at a large German broker, are consi
Autor:
Paul Sengmueller, Daniel Dorn
Publikováno v:
Management Science. 55:591-603
Among 1,000 German brokerage clients for whom both survey responses and actual trading records are available, investors who report enjoying investing or gambling turn over their portfolio at twice the rate of their peers. Including entertainment attr
Autor:
Daniel Dorn
Publikováno v:
Journal of Financial and Quantitative Analysis. 44:85-108
Individual and institutional investors can trade German initial public equity offerings on an as-if/when-issued basis before the start of secondary trading. Using a novel data set of pre- and post-IPO trades made by a sample of clients at a large Ger
Autor:
Martin Weber, Daniel Dorn
Publikováno v:
SSRN Electronic Journal.
The willingness of households to delegate their equity investment decisions, understood here as investing in stock funds as opposed to individual stocks, declines substantially between 2007 and 2011. The typical investor in a representative sample of
Autor:
Martin Weber, Daniel Dorn
Publikováno v:
SSRN Electronic Journal.
This paper documents a sharp reversal of individual investors' tendency to delegate their equity investments between 2007 and 2011, primarily based on a representative sample of 40,000 self-directed clients at one of Germany's largest retail banks. A
Autor:
Daniel Dorn, Gur Huberman
Publikováno v:
Review of Finance. 9:437-481
Combining survey responses and trading records of clients of a German retail broker, this paper examines some of the causes for the apparent failure to buy and hold a well-diversified portfolio. The subjective investor attributes gleaned from the sur