...Stephen Dansky; B. Andrew Cudmore; Amitabh S. Dutta Purpose The study investigates the effects of Prospect Theory’s loss aversion within the context of project financing. Design/methodology/approach The study makes use of a balanced paired comparison best/worst scaling (PCBWS) experimental...

... that investors' timing performance is significantly and negatively related to fund size, length of fund history, and momentum‐style of funds, but positively related to value‐style funds. These results suggest that mutual fund investors are loss‐averse and demonstrate return‐chasing behavior in well‐performing...

... methodology was used. It was investigated about the influence meanings, experienced by the investors. Keywords: Behavioural finance, loss aversion, irrational, psychoanalytical theory Introduction The finance history is initially set by the traditional finance before the 50s. Then the Modern Finance arose...