Thesiss

Behavioural finance studies have documented that investors are subject to psychological factors (cognitive and emotional) and demographic factors (internal), and external factors that make their financial decisions less than fully rational. However, most of these studies have co…

Overconfidence and its relationship to investor market participation is well established in the finance literature. The research into investors and social networks is only in its infancy, however. This thesis extends the literature by expanding on both subjects individually, the…

Sunk cost accounting refers to the empirical finding that individuals tend to let their decisions be influenced by costs made at an earlier time in such a way that they are more risk seeking than they would be had they not incurred these costs. Such behaviour violates the axioms…