Loading ...
Sorry, an error occurred while loading the content.

Re: Behavioral finance / economics research focus

Expand Messages
  • pgreenfinch
    Welcome Linda Deep and important questions for sure. Not only intents can override reactions, or the other way around, but intents rest on complex personal
    Message 1 of 10 , Aug 7, 2009
    View Source
    • 0 Attachment
      Welcome Linda
      Deep and important questions for sure.
      Not only intents can override reactions,
      or the other way around, but intents
      rest on complex personal factors, consciously
      organized and instictive that drive cognition
      and decision

      Also, your question to researchers is quite
      relevant. Can financial academic wear white
      cloaks alone in the lab ;-) ?
      Personally I suppose that when such research
      becomes really sophisticated, when it is about
      people motivations or complex behaviors, a
      multidiscplinary team becomes necessary. If
      only to guarantee that the experiment is not
      thwarted by the conditions in which it is done.

      Btw you are all invited to share in our forum
      research, I mean our polls ;-). You are all welcome
      to the lab that is presently open at:
      http://finance.groups.yahoo.com/group/Behavioral-Finance/surveys?id=2880600

      Pëter



      --- In Behavioral-Finance@yahoogroups.com, "Linda" <thelinda_sari@...> wrote:
      >
      > Dear Peter,
      >
      > I think the areas you touch there is the deeper side of behavior, i.e.: the belief/worldview system: how one see the world, which has dual focus:
      > o gives reason and impetus for deciding what is true and what is important.
      > o What is the case and what ought to be the case.
      > o Sketch of and a blueprint for reality
      > o Visions of (descriptive) and for (normative) life
      > The challenge is to do the worldview mapping itself.
      >
      > Btw, can anybody share your opinion/experience on how one with pure finance academic background (doctorate student or lecturer) usually can pursue research involving psychogical aspects of investors, i.e.: in conducting experiments, are you allowed to do it only if the research is a collaborative work with someone from the psychology community, etc?
      >
      > Thanks in advance for your input/insights on this,
      > linda
      >
      > --- In Behavioral-Finance@yahoogroups.com, "pgreenfinch" <pgreenfinch@> wrote:
      > >
      > > I have that impression that Behavioral finance /
      > > Behavioral economics focus a bit too much as reactions to
      > > explain the players behaviors.
      > > But some bahaviors do not
      > > result from responses to events but from self-generated
      > > intentions and goals. Even without external stimulus to
      > > "wake up" its cognition, its emotions or its automaticities
      > > (habits...) the human brain would launch and perpetuate
      > > some courses of actions.
      > >
      > > Maybe that scientific focus is an heritage of "behaviorism"
      > > and of its "stimulus / response paradigm. Maybe also
      > > experimental economics, as well as neurosciences, center their
      > > quest, for practicality, on how people behave when facing some
      > > situations.
      > >
      > > Does somebody know researches that focus on how people, and
      > > among them economic / financial players, behave without the
      > > least external stimulus? For example:
      > > * Just because they follow some inner drive, intention or goal.
      > > * Or because of the lack of stimuli itself. Seems that people
      > > might act, smartly or crazily, because they got bored of
      > > inaction and non events. They might even "imagine" illusory
      > > external stimuli (which could explain noise trading).
      > >
      > > Peter
      > >
      >
    • mel
      ... sorry but the 1st part of the sentence is not really clear for me ? do you mean in short do birds migrate at a given time because of an 1/ internal
      Message 2 of 10 , Aug 7, 2009
      View Source
      • 0 Attachment
        pgreenfinch a écrit :
        > Konrad Lorenz, why not.
        > Then a side of the questions would be:
        > Do birds migrate because they intend to migrate anyway
        > at a given time of the year,
        > or do they migrate because
        > some climate change warns them that they better migrate
        > now.

        sorry but the 1st part of the sentence
        is not really clear for me ?
        do you mean in short
        "do birds migrate at a given time
        because of an 1/ internal (clock) or 2/ external signal".

        afaik it's 2/
        but better ask a specialist.
      • Peter Greenfinch
        Yes, I meant some internal factor, such as an internal clock. Peter ... Yes, I meant some internal factor, such as an internal clock. Peter Message du
        Message 3 of 10 , Aug 7, 2009
        View Source
        • 0 Attachment
          Yes, I meant some internal factor, such as an internal clock.
          Peter




          > Message du 08/08/09 08:28
          > De : "mel"
          > A : Behavioral-Finance@yahoogroups.com
          > Copie à :
          > Objet : Re: [Behavioral-Finance] Re: Behavioral finance / economics research focus
          >
          >  

          > pgreenfinch a écrit :
          > > Konrad Lorenz, why not.
          > > Then a side of the questions would be:
          > > Do birds migrate because they intend to migrate anyway
          > > at a given time of the year,
          > > or do they migrate because
          > > some climate change warns them that they better migrate
          > > now.
          >
          > sorry but the 1st part of the sentence
          > is not really clear for me ?
          > do you mean in short
          > "do birds migrate at a given time
          > because of an 1/ internal (clock) or 2/ external signal".
          >
          > afaik it's 2/
          > but better ask a specialist.
          >


        • Martin Sewell
          ... The research is often conducted under the guise of experimental economics . Regards Martin
          Message 4 of 10 , Aug 9, 2009
          View Source
          • 0 Attachment
            Linda wrote:
            > Btw, can anybody share your opinion/experience on how one with pure
            > finance academic background (doctorate student or lecturer) usually can
            > pursue research involving psychogical aspects of investors, i.e.: in
            > conducting experiments, are you allowed to do it only if the research is
            > a collaborative work with someone from the psychology community, etc?

            The research is often conducted under the guise of 'experimental economics'.

            Regards

            Martin
          • linda sari
            Dear Peter and Martin, thanks for your advices. kind regards, linda ________________________________ From: Martin Sewell To:
            Message 5 of 10 , Aug 11, 2009
            View Source
            • 0 Attachment
              Dear Peter and Martin,
              thanks for your advices.
               
              kind regards,
              linda


              From: Martin Sewell <mvs25@...>
              To: Behavioral-Finance@yahoogroups.com
              Sent: Sunday, August 9, 2009 3:11:38 PM
              Subject: Re: [Behavioral-Finance] Re: Behavioral finance / economics research focus

               

              Linda wrote:

              > Btw, can anybody share your opinion/experience on how one with pure
              > finance academic background (doctorate student or lecturer) usually can
              > pursue research involving psychogical aspects of investors, i.e.: in
              > conducting experiments, are you allowed to do it only if the research is
              > a collaborative work with someone from the psychology community, etc?

              The research is often conducted under the guise of 'experimental economics'.

              Regards

              Martin


            Your message has been successfully submitted and would be delivered to recipients shortly.