Análisis experimental del comportamiento para las finanzas y los negocios
DOI:
https://doi.org/10.29105/vtga5.1-900Keywords:
aversión al riesgo, ciclo financiero, autocontrol, toma de decisiones, economía del comportamiento.Abstract
One of the key elements in the study of financial disciplines is the degree of risk aversion that agents reveal, which helps to understand the high volatility of prices of financial assets in certain periods of time. In spite of this, the empirical evidence that analyzes the relationship between risk aversion and the financial cycle of booms and bankruptcies, is reduced due to the control problem that this implies and is much reduced if the incidence that the training can have is included. Professional in financial disciplines. Through an experimental exercise, this paper analyzes the impact of professional training in finance on the financial decision making and exposure to risk. The mechanism studied in this paper, has theoretical relevance for the economy of behavior and finance, but also has implications for financial markets.
Downloads
References
Barberis, N., and M. Huang. (2001). Mental Accounting, Loss Aversion, and Individual Stock Returns. Journal of Finance, 56, 1247-1295. DOI: https://doi.org/10.1111/0022-1082.00367
Ben-Ami Bartal, I., Rodgers, D. A., Bernardez, M. S., Decety, J., Mason, P. (2014). Pro-social behavior in rats is modulated by social experience. eLife, 3: e01385. DOI: 10.7554/eLife.01385 DOI: https://doi.org/10.7554/eLife.01385
Bonilla Castro E., Hurtado Prieto J. & Jaramillo Herrera C. (2008). La investigación. Aproximaciones a la construcción del conocimiento científico. Colombia: Alfaomega.
Cohn, A., Engelmann, J., Fehr, E., & Maréchal, M. A. (2015). Evidence for countercyclical risk aversion: An experiment with financial professionals. American Economic Review. Recuperado de https://doi.org/10.1257/aer.20131314 DOI: https://doi.org/10.1257/aer.20131314
Gregory J. Skulmoski, F. T. (2007). The Delphi Method for Graduate Research. Recuperado de http://www.jite.org/documents/Vol6/JITEv6p001-021Skulmoski212.pdf DOI: https://doi.org/10.28945/199
Hernández, C. Fernández , & P. Baptista. Metodología de la Investigación. México: Mc Graw Hill Education.
Khnadker, S., Koolwal, G., & Samad, H. (2010). Handbook on impact evaluation. Quantitative methods and practices. Journal of Experimental Psychology: General, vol. 136. Washington: World Bank. DOI: https://doi.org/10.1596/978-0-8213-8028-4
Mazur, J. E. (1987). An adjusting procedure for studying delayed reinforcement. In M. L. Commons, J. E. Mazur, J. A. Nevin, & H. Rachlin (Eds.), Quantitative analyses of behavior: The effects of delay and of intervening events on reinforcement value (55-73). Hillsdale, NJ: Erlbaum
Mazur, J. E. (1987). An adjusting procedure for studying delayed reinforcement. In M. L. Commons, J. E. Mazur, J. A. Nevin, & H. Rachlin (Eds.), Quantitative analyses of behavior: The effects of delay and of intervening events on reinforcement value (55-73). Hillsdale, NJ: Erlbaum.
Minsky, H. (1976). Stabilizing an unstable economy. Igarss 2014. New York: McGraw Hill. Recuperado de https://doi.org/10.1007/s13398-014-0173-7.2
Moore, B. (1968). Introducción a la teoría financiera. Buenos Aires: Amorrortu editores.
Moffat, P. (2016). Experimetrics. Londres: Palgrave MacMillan.
Nan, X. (2007). Social Distance, Framing, and Judgment: A Construal Level Perspective. Human Communication Research, 33, 489-514 DOI: https://doi.org/10.1111/j.1468-2958.2007.00309.x
Rachlin, H. (1989). Judgement, decision and choice: a cognitive behavioral synthesis. United States of America: W. H. Freeman Company.
Salinas Valdivieso, José Manuel (2012). “Protección al consumidor financiero: educación financiera y aportes desde la economía conductual como complementos al modelo clásico de regulación”. Seminario para optar al título de Ingeniero Comercial, Mención Economía. Escuela de Economía y Administración, Universidad de Chile. Recuperado de http://www.tesis.uchile.cl/handle/2250/108136
Sánchez Upegüi, A., (2010). Introducción: ¿qué es caracterizar? Medellín, Fundación Universitaria Católica del Norte
Simon, J. (1995). Interpersonal allocation continuous with intertemporal allocation. Rationality and Society, 7, 367-392., citado por Jones, B., Rachlin, H. (2009). Delay, Probability and Social Discounting in a Public Goods Game. Journal of the Experimental Analysis of Behavior 99(1), 8597. Recuperado de DOI: 10.1901/jeab.2009.91-61 Van Lange, P. A. M., Balliet, D., Parks, C. D., DOI: https://doi.org/10.1901/jeab.2009.91-61
Van Vugt, M. (2014). Social Dilemmas. The Psychology of Human Cooperation. Oxford University Press.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
a). Authors keep copyright and give the journal the right of the first publication of the work under a Creative Commons attribution license. This license allows others to share the work as long as original authorship and initial publication in this journal is acknowledged.
b). Authors may make other independent and additional contractual agreements for the non-exclusive distribution of the version of the article published in this journal (e.g., include it in an institutional repository or publish it in a book) as long as they clearly indicate that the work was published for the first time in this journal.