Advertisement

Cognitive Biases in the Capital Investment Context

  • Sebastian Serfas

Abstract

This chapter merges the two preceding chapters' fundamentals in order to examine the relevance of cognitive biases in the context of capital investments. The first part discusses preparatory theoretical considerations by describing, on a basic level, the effects of cognitive biases in several general business contexts. The second part addresses two illustrative case examples and their potential impact in a capital investment environment. Afterwards, the third part describes eight empirical experiments conducted for this thesis and analyzes their results. The last part of this chapter finally discusses potential conclusions and analyzes limitations with regard to the presented theoretical and empirical findings.

Keywords

Capital Investment Cognitive Bias Business Unit Empirical Experiment Behavioral Finance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2011

Authors and Affiliations

  • Sebastian Serfas

There are no affiliations available

Personalised recommendations