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dc.contributor.authorJouini, Elyès
HAL ID: 6654
dc.contributor.authorBen Mansour, Selima
dc.contributor.authorNapp, Clotilde
HAL ID: 741006
ORCID: 0000-0002-7008-5949
dc.date.accessioned2009-06-16T16:05:00Z
dc.date.available2009-06-16T16:05:00Z
dc.date.issued2006
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/310
dc.descriptionLe fichier accessible ci-dessous est une version également éditée dans les Cahiers de la Chaire "Les Particuliers face aux Risques" de l'Institut de Finance de Dauphine, cahier n° 3, novembre 2006
dc.language.isoenen
dc.subjectpessimismen
dc.subjectjudged probabilityen
dc.subjectlotteryen
dc.subject.ddc332en
dc.subject.classificationjelD81en
dc.titleIs There a Pessimistic Bias in Individual Beliefs? Evidence from a Simple Surveyen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenIt is an important issue for economic and finance applications to determine whether individuals exhibit a behavioral bias towards pessimism in their beliefs, in a lottery or more generally in an investment opportunities framework. In this paper, we analyze the answers of a sample of 1,540 individuals to the following question Imagine that a coin will be flipped 10 times. Each time, if heads, you win 10€. How many times do you think that you will win? The average answer is surprisingly about 3.9 which is below the average 5, and we interpret this as a pessimistic bias. We find that women are more pessimistic than men, as are old people relative to young. We also analyze how our notion of pessimism is related to more general notions of pessimism previously introduced in psychology.en
dc.relation.isversionofjnlnameTheory and Decision
dc.relation.isversionofjnlvol61en
dc.relation.isversionofjnlissue4en
dc.relation.isversionofjnldate2006-12
dc.relation.isversionofjnlpages345-362en
dc.relation.isversionofdoihttp://dx.doi.org/10.1007/s11238-006-9014-2en
dc.identifier.urlsitehttp://halshs.archives-ouvertes.fr/halshs-00176518/en/en
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherSpringeren
dc.subject.ddclabelEconomie financièreen


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