Publikationen des Projekts: Investors' Expectations: Measuring their Nature and Effect

3 Ergebnisse, ab 1
Diskussionspapiere 1337 / 2013

Hidden Skewness: On the Difficulty of Multiplicative Compounding under Random Shocks

Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. In a number of incentivized laboratory experiments we show that a large majority of participants either strongly underestimate skewness or

2013| Ludwig Ensthaler, Olga Nottmeyer, Georg Weizsäcker, Christian Zankiewicz
Diskussionspapiere 1238 / 2012

Hidden Skewness

Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. A simple laboratory experiment shows that participants either strongly underestimate skewness or ignore it completely. The participants' .

2012| Ludwig Ensthaler, Olga Nottmeyer, Georg Weizsäcker
Externe referierte Aufsätze

Hidden Skewness: On the Difficulty of Multiplicative Compounding under Random Shocks

Multiplicative growth processes that are subject to random shocks often have an asymmetric distribution of outcomes. In a series of incentivized laboratory experiments, we show that a large majority of participants either strongly underestimatethe ..

In: Management Science 64 (2018), 4, S. 1693-1706 | Ludwig Ensthaler, Olga Nottmeyer, Georg Weizsäcker, Christian Zankiewicz
3 Ergebnisse, ab 1