메뉴 건너뛰기




Volumn 37, Issue 4, 2008, Pages 1397-1411

Mood impacts on probability weighting functions: "Large-gamble" evidence

Author keywords

Market data; Mood; Non expected utility; Probability weighting functions; SAD; Weather

Indexed keywords


EID: 44349147840     PISSN: 10535357     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.socec.2007.08.010     Document Type: Article
Times cited : (40)

References (45)
  • 3
    • 0029986127 scopus 로고    scopus 로고
    • Cognitive performance in tests sensitive to frontal lobe dysfunction in the elderly depressed
    • Beats B., Sahakian B., and Levy R. Cognitive performance in tests sensitive to frontal lobe dysfunction in the elderly depressed. Psychological Medicine 26 (1996) 591-603
    • (1996) Psychological Medicine , vol.26 , pp. 591-603
    • Beats, B.1    Sahakian, B.2    Levy, R.3
  • 4
    • 85015692260 scopus 로고
    • The valuation of options and corporate liabilities
    • Black F., and Scholes M. The valuation of options and corporate liabilities. Journal of Political Economy 81 (1973) 637-654
    • (1973) Journal of Political Economy , vol.81 , pp. 637-654
    • Black, F.1    Scholes, M.2
  • 5
    • 42449156579 scopus 로고
    • Generalized autoregressive conditional heteroskedasticity
    • Bollerslev T. Generalized autoregressive conditional heteroskedasticity. Journal of Econometrics 31 (1986) 307-327
    • (1986) Journal of Econometrics , vol.31 , pp. 307-327
    • Bollerslev, T.1
  • 6
    • 0000516158 scopus 로고
    • Prices of state-contingent claims implicit in options prices
    • Breeden D., and Litzenberger R. Prices of state-contingent claims implicit in options prices. Journal of Business 51 (1978) 621-651
    • (1978) Journal of Business , vol.51 , pp. 621-651
    • Breeden, D.1    Litzenberger, R.2
  • 7
    • 0028568963 scopus 로고
    • Cognitive function in depression: its relationship to the presence and severity of intellectual decline
    • Brown R., Scott L., Bench C., and Dolan R. Cognitive function in depression: its relationship to the presence and severity of intellectual decline. Psychological Medicine 24 (1994) 829-847
    • (1994) Psychological Medicine , vol.24 , pp. 829-847
    • Brown, R.1    Scott, L.2    Bench, C.3    Dolan, R.4
  • 8
    • 44349188221 scopus 로고    scopus 로고
    • Camerer, C., 1995. Individual decision-making. In: Kagel, J., Roth, A. (Eds.), The Handbook of Experimental Economics. Princeton University Press, Princeton, New Jersey.
    • Camerer, C., 1995. Individual decision-making. In: Kagel, J., Roth, A. (Eds.), The Handbook of Experimental Economics. Princeton University Press, Princeton, New Jersey.
  • 9
    • 0000935059 scopus 로고
    • Violations of the betweenness axiom and nonlinearity in probability
    • Camerer C.F., and Ho T.H. Violations of the betweenness axiom and nonlinearity in probability. Journal of Risk and Uncertainty 8 (1994) 167-196
    • (1994) Journal of Risk and Uncertainty , vol.8 , pp. 167-196
    • Camerer, C.F.1    Ho, T.H.2
  • 11
    • 33847554918 scopus 로고
    • The valuation of options for alternative stochastic processes
    • Cox J.C., and Ross S.A. The valuation of options for alternative stochastic processes. Journal of Financial Economics 3 (1976) 145-166
    • (1976) Journal of Financial Economics , vol.3 , pp. 145-166
    • Cox, J.C.1    Ross, S.A.2
  • 12
    • 0001197451 scopus 로고
    • Weather, mood and helping behavior: quasi-experiments with the sunshine samaritan
    • Cunningham M.R. Weather, mood and helping behavior: quasi-experiments with the sunshine samaritan. Journal of Personality and Social Psychology 37 (1979) 1947-1956
    • (1979) Journal of Personality and Social Psychology , vol.37 , pp. 1947-1956
    • Cunningham, M.R.1
  • 13
    • 0035611744 scopus 로고    scopus 로고
    • Estimating risk attitudes using lotteries: a large sample approach
    • Donkers B., Melenberg B., and Van Soest A. Estimating risk attitudes using lotteries: a large sample approach. Journal of Risk and Uncertainty 22 2 (2001) 165-195
    • (2001) Journal of Risk and Uncertainty , vol.22 , Issue.2 , pp. 165-195
    • Donkers, B.1    Melenberg, B.2    Van Soest, A.3
  • 14
    • 0028023284 scopus 로고
    • The relationship between mood and daily hours of sunlight in rapid cycling bipolar illness
    • Eagles J.M. The relationship between mood and daily hours of sunlight in rapid cycling bipolar illness. Biological Psychiatry 36 (1994) 422-424
    • (1994) Biological Psychiatry , vol.36 , pp. 422-424
    • Eagles, J.M.1
  • 15
    • 0029811465 scopus 로고    scopus 로고
    • Neuropsychological impairments in unipolar depression: the influence of perceived failure on subsequent performance
    • Elliott R., Sahakian B., McKay A., Herrod J., Robbins T., and Paykel E. Neuropsychological impairments in unipolar depression: the influence of perceived failure on subsequent performance. Psychological Medicine 26 (1996) 975-989
    • (1996) Psychological Medicine , vol.26 , pp. 975-989
    • Elliott, R.1    Sahakian, B.2    McKay, A.3    Herrod, J.4    Robbins, T.5    Paykel, E.6
  • 16
    • 44349098808 scopus 로고    scopus 로고
    • Garrett I., Kamstra M.J., Kramer L.A., in press. Winter blues and time variation in the price of risk. Journal of Empirical Finance.
    • Garrett I., Kamstra M.J., Kramer L.A., in press. Winter blues and time variation in the price of risk. Journal of Empirical Finance.
  • 17
    • 0033071923 scopus 로고    scopus 로고
    • On the shape of the probability weighting function
    • Gonzalez R., and Wu G. On the shape of the probability weighting function. Cognitive Psychology 38 (1999) 129-166
    • (1999) Cognitive Psychology , vol.38 , pp. 129-166
    • Gonzalez, R.1    Wu, G.2
  • 18
    • 0000398111 scopus 로고    scopus 로고
    • Investor psychology and asset pricing
    • Hirshleifer D. Investor psychology and asset pricing. Journal of Finance 56 (2001) 1533-1597
    • (2001) Journal of Finance , vol.56 , pp. 1533-1597
    • Hirshleifer, D.1
  • 19
    • 0142188089 scopus 로고    scopus 로고
    • Good day sunshine: stock returns and the weather
    • Hirshleifer D., and Shumway T. Good day sunshine: stock returns and the weather. Journal of Finance 58 (2003) 1009-1032
    • (2003) Journal of Finance , vol.58 , pp. 1009-1032
    • Hirshleifer, D.1    Shumway, T.2
  • 20
    • 85004774512 scopus 로고
    • A multidimensional approach to the relationship between mood and weather
    • Howarth E., and Hoffman M.S. A multidimensional approach to the relationship between mood and weather. British Journal of Psychology 75 (1984) 15-23
    • (1984) British Journal of Psychology , vol.75 , pp. 15-23
    • Howarth, E.1    Hoffman, M.S.2
  • 21
    • 0034381629 scopus 로고    scopus 로고
    • Recovering risk aversion from option prices and realized returns
    • Jackwerth J.C. Recovering risk aversion from option prices and realized returns. Review of Financial Studies 13 2 (2000) 433-451
    • (2000) Review of Financial Studies , vol.13 , Issue.2 , pp. 433-451
    • Jackwerth, J.C.1
  • 22
    • 0038139238 scopus 로고    scopus 로고
    • Recovering probability distributions from option prices
    • Jackwerth J.C., and Rubinstein M. Recovering probability distributions from option prices. Journal of Finance 51 (1996) 1611-1631
    • (1996) Journal of Finance , vol.51 , pp. 1611-1631
    • Jackwerth, J.C.1    Rubinstein, M.2
  • 23
    • 44349118151 scopus 로고    scopus 로고
    • Janis, I., 1982. Decision-making under stress. In: Goldberger, L., Breznitz, S. (Eds.), Handbook of Stress: Theoretical and Clinical Aspects. Free Press, New York.
    • Janis, I., 1982. Decision-making under stress. In: Goldberger, L., Breznitz, S. (Eds.), Handbook of Stress: Theoretical and Clinical Aspects. Free Press, New York.
  • 24
    • 0000125532 scopus 로고
    • Prospect theory: an analysis of decision under risk
    • Kahneman D., and Tversky A. Prospect theory: an analysis of decision under risk. Econometrica 47 (1979) 263-291
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 25
    • 2542637762 scopus 로고    scopus 로고
    • Winter blues: seasonal affective disorder (SAD) and stock market returns
    • Kamstra M., Kramer L., and Levi M. Winter blues: seasonal affective disorder (SAD) and stock market returns. American Economic Review 93 1 (2003) 324-343
    • (2003) American Economic Review , vol.93 , Issue.1 , pp. 324-343
    • Kamstra, M.1    Kramer, L.2    Levi, M.3
  • 26
    • 0000387425 scopus 로고    scopus 로고
    • Losing sleep at the market: the daylight-savings anomaly
    • Kamstra M., Kramer L., and Levi M. Losing sleep at the market: the daylight-savings anomaly. American Economic Review 90 4 (2000) 1005-1011
    • (2000) American Economic Review , vol.90 , Issue.4 , pp. 1005-1011
    • Kamstra, M.1    Kramer, L.2    Levi, M.3
  • 27
    • 0023304897 scopus 로고
    • Decision-making under stress: scanning of alternatives under controllable and uncontrollable threats
    • Keinan G. Decision-making under stress: scanning of alternatives under controllable and uncontrollable threats. Journal of Personality and Social Psychology 52 (1987) 639-644
    • (1987) Journal of Personality and Social Psychology , vol.52 , pp. 639-644
    • Keinan, G.1
  • 28
    • 0030339746 scopus 로고    scopus 로고
    • Why do bad moods increase self-defeating behavior? Emotions, risk taking, and self-regulation
    • Leith K., and Baumeister R. Why do bad moods increase self-defeating behavior? Emotions, risk taking, and self-regulation. Journal of Personality and Social Psychology 71 6 (1996) 1250-1267
    • (1996) Journal of Personality and Social Psychology , vol.71 , Issue.6 , pp. 1250-1267
    • Leith, K.1    Baumeister, R.2
  • 29
    • 84970269214 scopus 로고
    • A cognitive analysis of Japan's 1941 decision for war
    • Levi A., and Tetlock P. A cognitive analysis of Japan's 1941 decision for war. Journal of Conflict Resolution 24 (1980) 195-211
    • (1980) Journal of Conflict Resolution , vol.24 , pp. 195-211
    • Levi, A.1    Tetlock, P.2
  • 30
    • 0038957287 scopus 로고    scopus 로고
    • Emotions in economic theory and economic behavior
    • Loewenstein G. Emotions in economic theory and economic behavior. American Economic Review 90 2 (2000) 426-432
    • (2000) American Economic Review , vol.90 , Issue.2 , pp. 426-432
    • Loewenstein, G.1
  • 32
    • 0032040423 scopus 로고    scopus 로고
    • Depressive realism from the perspective of cognitive-experimental self-theory
    • Pacini R., Muir F., and Epstein S. Depressive realism from the perspective of cognitive-experimental self-theory. Journal of Personality and Social Psychology 74 4 (1998) 1056-1068
    • (1998) Journal of Personality and Social Psychology , vol.74 , Issue.4 , pp. 1056-1068
    • Pacini, R.1    Muir, F.2    Epstein, S.3
  • 35
    • 0035349099 scopus 로고    scopus 로고
    • Money, kisses and electric shocks: on the affective psychology of risk
    • Rottenstreich Y., and Hsee C.K. Money, kisses and electric shocks: on the affective psychology of risk. Psychological Science 12 3 (2001) 185-190
    • (2001) Psychological Science , vol.12 , Issue.3 , pp. 185-190
    • Rottenstreich, Y.1    Hsee, C.K.2
  • 36
    • 84993899427 scopus 로고
    • Implied binomial trees
    • Rubinstein M. Implied binomial trees. Journal of Finance 49 3 (1994) 771-818
    • (1994) Journal of Finance , vol.49 , Issue.3 , pp. 771-818
    • Rubinstein, M.1
  • 38
    • 0001601892 scopus 로고
    • Stock prices and wall street weather
    • Saunders E.M.J. Stock prices and wall street weather. American Economic Review 83 (1993) 1337-1345
    • (1993) American Economic Review , vol.83 , pp. 1337-1345
    • Saunders, E.M.J.1
  • 39
    • 0000004866 scopus 로고
    • Effects of decision importance on ability to generate warranted subjective uncertainty
    • Sieber J. Effects of decision importance on ability to generate warranted subjective uncertainty. Journal of Personality and Social Psychology 5 (1974) 688-694
    • (1974) Journal of Personality and Social Psychology , vol.5 , pp. 688-694
    • Sieber, J.1
  • 40
    • 0000268935 scopus 로고    scopus 로고
    • Developments in non-expected utility theory: the hunt for a descriptive theory of choice under risk
    • Starmer C. Developments in non-expected utility theory: the hunt for a descriptive theory of choice under risk. Journal of Economic Literature 38 (2000) 332-382
    • (2000) Journal of Economic Literature , vol.38 , pp. 332-382
    • Starmer, C.1
  • 41
    • 11944257940 scopus 로고
    • Weighting risk and uncertainty
    • Tversky A., and Fox C. Weighting risk and uncertainty. Psychological Review 102 2 (1995) 269-283
    • (1995) Psychological Review , vol.102 , Issue.2 , pp. 269-283
    • Tversky, A.1    Fox, C.2
  • 42
    • 31744450082 scopus 로고
    • Advances in prospect theory: cumulative representation of uncertainty
    • Tversky A., and Kahneman D. Advances in prospect theory: cumulative representation of uncertainty. Journal of Risk and Uncertainty 5 (1992) 297-323
    • (1992) Journal of Risk and Uncertainty , vol.5 , pp. 297-323
    • Tversky, A.1    Kahneman, D.2
  • 43
    • 0028450991 scopus 로고
    • Mood management across affective states: the Hedonic contingency hypothesis
    • Wegener D., and Petty R. Mood management across affective states: the Hedonic contingency hypothesis. Journal of Personality and Social Psychology 66 (1994) 1034-1048
    • (1994) Journal of Personality and Social Psychology , vol.66 , pp. 1034-1048
    • Wegener, D.1    Petty, R.2
  • 44
    • 0001126729 scopus 로고    scopus 로고
    • Curvature of the probability weighting function
    • Wu G., and Gonzalez R. Curvature of the probability weighting function. Management Science 42 (1996) 1676-1690
    • (1996) Management Science , vol.42 , pp. 1676-1690
    • Wu, G.1    Gonzalez, R.2
  • 45
    • 0002569928 scopus 로고
    • The dual theory of choice under risk
    • Yaari M.E. The dual theory of choice under risk. Econometrica 55 (1987) 95-115
    • (1987) Econometrica , vol.55 , pp. 95-115
    • Yaari, M.E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.