...Jinesh Jain; Nidhi Walia; Sanjay Gupta Purpose Research in the area of behavioral finance has demonstrated that investors exhibit irrational behavior while making investment decisions. Investor behavior usually deviates from logic and reason, and consequently, investors exhibit various behavioral...

...Andres Bello; Jan Smolarski; Gökçe Soydemir; Linda Acevedo Purpose The purpose of this paper is to investigate to what extent hedge funds are subject to irrationality in their investment decisions. The authors advance the hypothesis that irrational behavior affects hedge fund returns despite...