{"id":"https://openalex.org/W3125824112","doi":null,"title":"Sentiment, Risk Aversion, and Time Preference","display_name":"Sentiment, Risk Aversion, and Time Preference","publication_year":2012,"publication_date":"2012-01-01","ids":{"openalex":"https://openalex.org/W3125824112","mag":"3125824112"},"language":"en","primary_location":{"id":"mag:3125824112","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/chf/rpseri/rp1221.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306531434","display_name":"Swiss Finance Institute Research Paper Series","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Swiss Finance Institute Research Paper Series","raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5112010863","display_name":"Giovanni Barone\u2010Adesi","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Giovanni Barone\u2010Adesi","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5002652417","display_name":"Loriano Mancini","orcid":"https://orcid.org/0000-0002-6887-2820","observed_orcids":["https://orcid.org/0000-0002-6887-2820","https://orcid.org/0000-0003-1703-252X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Loriano Mancini","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5056847934","display_name":"Hersh Shefrin","orcid":"https://orcid.org/0000-0002-3419-0346","observed_orcids":["https://orcid.org/0000-0002-3419-0346"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Hersh Shefrin","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-3419-0346","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":6,"citation_normalized_percentile":{"value":0.5552037,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.0032999999821186066,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.002300000051036477,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/investor-sentiment","display_name":"investor sentiment","score":0.9599999785423279},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.9480000138282776},{"id":"https://openalex.org/keywords/time-preference","display_name":"time preference","score":0.996999979019165},{"id":"https://openalex.org/keywords/option-prices","display_name":"option prices","score":0.7049999833106995},{"id":"https://openalex.org/keywords/historical-stock-returns","display_name":"historical stock returns","score":0.6629999876022339},{"id":"https://openalex.org/keywords/overconfidence","display_name":"overconfidence","score":0.7720000147819519},{"id":"https://openalex.org/keywords/optimism","display_name":"optimism","score":0.7730000019073486},{"id":"https://openalex.org/keywords/risk-return-trade-off","display_name":"risk-return tradeoff","score":0.843999981880188}],"concepts":[{"id":"https://openalex.org/C51110983","wikidata":"https://www.wikidata.org/wiki/Q16503490","display_name":"Overconfidence effect","level":2,"score":0.9705655574798584},{"id":"https://openalex.org/C204017024","wikidata":"https://www.wikidata.org/wiki/Q485446","display_name":"Optimism","level":2,"score":0.8313573598861694},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6401900053024292},{"id":"https://openalex.org/C2781249084","wikidata":"https://www.wikidata.org/wiki/Q908656","display_name":"Preference","level":2,"score":0.5697312951087952},{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.5454902648925781},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5341763496398926},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.44913944602012634},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.4386008679866791},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.34779518842697144},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3377223014831543},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.33514875173568726},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.2082602083683014},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.20046931505203247},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.1753111481666565},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.1372021734714508},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"mag:3125824112","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/chf/rpseri/rp1221.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306531434","display_name":"Swiss Finance Institute Research Paper Series","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Swiss Finance Institute Research Paper Series","raw_type":null},{"id":"pmh:oai:RePEc:chf:rpseri:rp1221","doi":null,"is_oa":false,"landing_page_url":"http://ssrn.com/abstract=2060983","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2160692445","https://openalex.org/W1499268559","https://openalex.org/W2585551753","https://openalex.org/W2289849824","https://openalex.org/W2634703407","https://openalex.org/W3134109633","https://openalex.org/W2146787042","https://openalex.org/W3122125397","https://openalex.org/W7098766708","https://openalex.org/W1678156162"],"abstract_inverted_index":{"We":[0],"estimate":[1],"aggregate":[2],"preferences,":[3],"beliefs,":[4],"and":[5,10,22,53,58],"sentiment":[6],"from":[7],"option":[8],"prices":[9],"historical":[11],"returns.":[12],"Our":[13,30],"market-based":[14],"estimates":[15],"correlate":[16],"well":[17],"with":[18],"independent":[19],"survey-based":[20],"estimates,":[21],"yet":[23],"provide":[24],"a":[25,60],"number":[26],"of":[27],"novel":[28],"insights.":[29],"analysis":[31],"points":[32],"out":[33],"two":[34],"significant":[35],"issues":[36],"related":[37],"to":[38],"overconfidence.":[39,50],"First,":[40],"the":[41,67,79],"Baker--Wurgler":[42],"index":[43],"strongly":[44],"reflects":[45],"excessive":[46],"optimism":[47,52],"but":[48],"not":[49],"Second,":[51],"overconfidence":[54],"comove":[55],"over":[56],"time":[57],"generate":[59],"perceived":[61],"negative":[62],"risk-return":[63],"relationship,":[64],"while":[65],"objectively":[66],"relationship":[68],"is":[69],"positive.":[70],"The":[71],"appendices":[72],"for":[73],"this":[74],"paper":[75],"are":[76],"available":[77],"at":[78],"following":[80],"URL:":[81],"http://ssrn.com/abstract=2295896":[82]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2016,"cited_by_count":2}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2021-02-01T00:00:00"}