메뉴 건너뛰기




Volumn 61, Issue 4, 2006, Pages 345-362

Is there a "pessimistic" bias in individual beliefs? Evidence from a simple survey

Author keywords

Judged probability; Lottery; Pessimism

Indexed keywords

ECONOMIC AND SOCIAL EFFECTS; INVESTMENTS; PROBABILITY; PSYCHOLOGY COMPUTING;

EID: 33845338806     PISSN: 00405833     EISSN: 15737187     Source Type: Journal    
DOI: 10.1007/s11238-006-9014-2     Document Type: Article
Times cited : (23)

References (26)
  • 1
    • 0742304035 scopus 로고    scopus 로고
    • Biased precasts or biased earnings; the role of reported earnings, in explaining apparent bias and over/under-reaction in analysts earnings precasts
    • Abarbanell, J. and Lehavy, R. (2003), Biased precasts or biased earnings; The role of reported earnings, in explaining apparent bias and over/under-reaction in analysts earnings precasts, Journal of Accounting and Economics 36, 105-146.
    • (2003) Journal of Accounting and Economics , vol.36 , pp. 105-146
    • Abarbanell, J.1    Lehavy, R.2
  • 2
    • 0036198935 scopus 로고    scopus 로고
    • An exploration of the effects of pessimism and doubt on asset returns
    • Abel, A.B. (2002), An exploration of the effects of pessimism and doubt on asset returns, Journal of Economic Dynamics and Control 26, 1075-1092.
    • (2002) Journal of Economic Dynamics and Control , vol.26 , pp. 1075-1092
    • Abel, A.B.1
  • 3
  • 4
    • 0031481103 scopus 로고    scopus 로고
    • The impact of incentives upon risky choice experiments
    • Beattie, J. and Loomes, G. (1997), The impact of incentives upon risky choice experiments, Journal of Risk and Uncertainty 14, 155-168.
    • (1997) Journal of Risk and Uncertainty , vol.14 , pp. 155-168
    • Beattie, J.1    Loomes, G.2
  • 5
    • 0000927898 scopus 로고    scopus 로고
    • Evidence that prices do not fully reflect the implications of current earnings
    • Calegari, M. and Fargher, N.L. (1997), Evidence that prices do not fully reflect the implications of current earnings, Contemporary Accounting Research 14(3), 397-433.
    • (1997) Contemporary Accounting Research , vol.14 , Issue.3 , pp. 397-433
    • Calegari, M.1    Fargher, N.L.2
  • 6
    • 0033270827 scopus 로고    scopus 로고
    • The effects of financial incentives in experiments: A Review and capital-labor-production framework
    • Camerer, C. and Hogarth, R. (1999), The effects of financial incentives in experiments: a Review and capital-labor-production framework, Journal of Risk and Uncertainty 19, 7-42.
    • (1999) Journal of Risk and Uncertainty , vol.19 , pp. 7-42
    • Camerer, C.1    Hogarth, R.2
  • 7
    • 0141908236 scopus 로고    scopus 로고
    • A positive model of earnings forecasts: Top down versus bottom up
    • Darrough, M.N. and Russell, T. (2002), A positive model of earnings forecasts: Top down versus bottom up, Journal of Business 75(1), 127-152.
    • (2002) Journal of Business , vol.75 , Issue.1 , pp. 127-152
    • Darrough, M.N.1    Russell, T.2
  • 8
    • 0039044849 scopus 로고
    • Analyst forecasting errors and their implications for security analysts
    • Dreman, D.N. and Berry, M. (1995), Analyst forecasting errors and their implications for security analysts, Financial Analysts Journal 51, 30-40.
    • (1995) Financial Analysts Journal , vol.51 , pp. 30-40
    • Dreman, D.N.1    Berry, M.2
  • 9
    • 21344493717 scopus 로고
    • Analysts' decisions as products of a multi-task environment
    • Francis, J. and Philbrick, D. (1993), Analysts' decisions as products of a multi-task environment. Journal of Accounting Research 31, 216-230.
    • (1993) Journal of Accounting Research , vol.31 , pp. 216-230
    • Francis, J.1    Philbrick, D.2
  • 10
    • 0001945560 scopus 로고
    • Financial analysts' forecasts of earnings: A better surrogate for earnings expectations
    • Fried, D. and Givoly, D. (1982), Financial analysts' forecasts of earnings: A better surrogate for earnings expectations, Journal of Accounting and Economics 4, 85-107.
    • (1982) Journal of Accounting and Economics , vol.4 , pp. 85-107
    • Fried, D.1    Givoly, D.2
  • 11
    • 0001373110 scopus 로고    scopus 로고
    • Price and volume reactions to public information releases: An experimental approach incorporating traders' subjective beliefs
    • Gillette, A., Stevens, D., Watts S. and Williams, A. (1999), Price and volume reactions to public information releases: An experimental approach incorporating traders' subjective beliefs, Contemporary Accounting Research 16(3), 437-479.
    • (1999) Contemporary Accounting Research , vol.16 , Issue.3 , pp. 437-479
    • Gillette, A.1    Stevens, D.2    Watts, S.3    Williams, A.4
  • 12
    • 33646255911 scopus 로고    scopus 로고
    • Is there evidence of pessimism and doubt in subjective distributions? Implications for the risk premium puzzle
    • Giordani, P. and Söderlind, P. (2006), Is there evidence of pessimism and doubt in subjective distributions? Implications for the risk premium puzzle, Journal of Economic Dynamics and Control 30, 1027-1043.
    • (2006) Journal of Economic Dynamics and Control , vol.30 , pp. 1027-1043
    • Giordani, P.1    Söderlind, P.2
  • 13
    • 0036182204 scopus 로고    scopus 로고
    • Linking measured risk aversion to individual characteristics
    • Hartog, J., Carbonnel, A. F. and Jonker, N. (2002), Linking measured risk aversion to individual characteristics, Kyklos 55, 3-26.
    • (2002) Kyklos , vol.55 , pp. 3-26
    • Hartog, J.1    Carbonnel, A.F.2    Jonker, N.3
  • 14
    • 33744906299 scopus 로고    scopus 로고
    • Heterogeneous beliefs and asset pricing in discrete time
    • Jouini, E. and Napp, C. (2006), Heterogeneous beliefs and asset pricing in discrete time, Journal of Economic Dynamics and Control 30, 1233-1260.
    • (2006) Journal of Economic Dynamics and Control , vol.30 , pp. 1233-1260
    • Jouini, E.1    Napp, C.2
  • 16
    • 21344481743 scopus 로고
    • Analysts' interim earnings forecasts: Evidence on the forecasting process
    • Kang, S., O'Brien, J. and Sivaramakrishnan, K. (1994), Analysts' interim earnings forecasts: Evidence on the forecasting process, Journal of Accounting Research 32, 103-112.
    • (1994) Journal of Accounting Research , vol.32 , pp. 103-112
    • Kang, S.1    O'Brien, J.2    Sivaramakrishnan, K.3
  • 17
    • 0030305177 scopus 로고    scopus 로고
    • Individuals' perceptions and misperceptions of time series properties of quarterly earnings
    • Maines, L.A. and Hand, J.R.M. (1996), Individuals' perceptions and misperceptions of time series properties of quarterly earnings, The Accounting Review 71(3), 317-336.
    • (1996) The Accounting Review , vol.71 , Issue.3 , pp. 317-336
    • Maines, L.A.1    Hand, J.R.M.2
  • 20
    • 39149126416 scopus 로고
    • Analysts forecasts as earnings expectations
    • O'Brien, P.C. (1988), Analysts forecasts as earnings expectations, Journal of Accounting and Economics 10, 53-88.
    • (1988) Journal of Accounting and Economics , vol.10 , pp. 53-88
    • O'Brien, P.C.1
  • 21
    • 0030139239 scopus 로고    scopus 로고
    • Probability of regret: Anticipation of uncertainty resolution in choice
    • Ritov, I. (1996), Probability of regret: Anticipation of uncertainty resolution in choice, Organizational Behavior and Human Decision Processes 66, 228-236.
    • (1996) Organizational Behavior and Human Decision Processes , vol.66 , pp. 228-236
    • Ritov, I.1
  • 22
    • 0000098990 scopus 로고
    • Commentary on analysts' forecasts
    • Schipper, K. (1991), Commentary on analysts' forecasts, Accounting Horizons 5, 105-121.
    • (1991) Accounting Horizons , vol.5 , pp. 105-121
    • Schipper, K.1
  • 23
    • 4043064281 scopus 로고    scopus 로고
    • Inefficiency in earnings forecasts: Experimental evidence of reactions to positive vs. negative information
    • Stevens, D.E. and Williams, A.W. (2003), Inefficiency in earnings forecasts: Experimental evidence of reactions to positive vs. negative information, Experimental Economics 1(7), 75-92.
    • (2003) Experimental Economics , vol.1 , Issue.7 , pp. 75-92
    • Stevens, D.E.1    Williams, A.W.2
  • 24
    • 0026196763 scopus 로고
    • Asymmetric effects of positive and negative events: The mobilization-minimization hypothesis
    • Taylor, S. (1991), Asymmetric effects of positive and negative events: The mobilization-minimization hypothesis, Psychological Bulletin 110(1), 67-85.
    • (1991) Psychological Bulletin , vol.110 , Issue.1 , pp. 67-85
    • Taylor, S.1
  • 25
    • 38249004563 scopus 로고
    • The equity premium puzzle and the risk-free rate puzzle
    • Weil, P. (1989), The equity premium puzzle and the risk-free rate puzzle, Journal of Monetary Economics 24, 401-421.
    • (1989) Journal of Monetary Economics , vol.24 , pp. 401-421
    • Weil, P.1
  • 26
    • 0034165517 scopus 로고    scopus 로고
    • Measuring optimism-pessimism from beliefs about future events
    • Wenglert, L. and Rosen, A.S. (2000), Measuring optimism-pessimism from beliefs about future events, Personality and Individual Differences 28, 717-728.
    • (2000) Personality and Individual Differences , vol.28 , pp. 717-728
    • Wenglert, L.1    Rosen, A.S.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.