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Ostrich Effect
In behavioral finance, the ostrich effect is the attempt made by investors to avoid negative financial information. The name comes from the common (but false) legend that ostriches bury their heads in the sand to avoid danger. Originally the term was coined by , and was defined as "the avoidance of apparently risky financial situations by pretending they do not exist", but since it took the slightly broader meaning of "avoiding to expose oneself to inancialinformation that one fear may cause psychological discomfort". For example, in the event of a market downturn, people may choose to avoid monitoring their investments or seeking out further financial news. Research explain differences in returns in the fixed income market by using a psychological explanation, which they name the "ostrich effect," attributing this anomalous behavior to an aversion to receiving information on potential interim losses. They also provide evidence that the entrance to a leading financial portal in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Behavioral Finance
Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. Behavioral economics is primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology, neuroscience and microeconomic theory. The study of behavioral economics includes how market decisions are made and the mechanisms that drive public opinion. The concepts used in behavioral economics today can be traced back to 18th-century economists, such as Adam Smith, who deliberated how the economic behavior of individuals could be influenced by their desires. The status of behavioral economics as a subfield of economics is a fairly recent development; the breakthroughs that laid the foundation for it were published through the last three decades of the 20th century. Behavior ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Ostrich
The common ostrich (''Struthio camelus''), or simply ostrich, is a species of flightless bird native to certain large areas of Africa and is the largest living bird species. It is one of two extant species of ostriches, the only living members of the genus ''Struthio'' in the ratite order of birds. The other is the Somali ostrich (''Struthio molybdophanes''), which was recognized as a distinct species by BirdLife International in 2014 having been previously considered a distinctive subspecies of ostrich. The common ostrich belongs to the order (biology), order Struthioniformes. Struthioniformes previously contained all the ratites, such as the Kiwi (bird), kiwis, emus, Rhea (bird), rheas, and Cassowary, cassowaries. However, recent genetic analysis has found that the group is not monophyletic, as it is paraphyletic with respect to the tinamous, so the ostriches are now classified as the only members of the order. Phylogenetic studies have shown that it is the sister group to all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ostrich
Ostriches are large flightless birds of the genus ''Struthio'' in the order Struthioniformes, part of the infra-class Palaeognathae, a diverse group of flightless birds also known as ratites that includes the emus, rheas, and kiwis. There are two living species of ostrich: the common ostrich, native to large areas of sub-Saharan Africa and the Somali ostrich, native to the Horn of Africa. The common ostrich was also historically native to the Arabian Peninsula, and ostriches were present across Asia as far east as Mongolia during the Late Pleistocene and possibly into the Holocene. They lay the largest eggs of any living land animal. With the ability to run at 70 km/h (43.5 mph), they are the fastest birds on land. They are farmed worldwide, particularly for their feathers as they are used as decoration and feather dusters. Their skin is also used for leather products. They are the heaviest living birds. Taxonomic history The genus ''Struthio'' was first described b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Income
Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the principal amount on maturity. Fixed-income securities — more commonly known as bonds — can be contrasted with equity securities – often referred to as stocks and shares – that create no obligation to pay dividends or any other form of income. Bonds carry a level of legal protections for investors that equity securities do not — in the event of a bankruptcy, bond holders would be repaid after liquidation of assets, whereas shareholders with stock often receive nothing. For a company to grow its business, it often must raise money – for example, to finance an acquisition; buy equipment or land, or invest in new product development. The terms on which investors will finance the company will depend on the risk profile of the company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scandinavia
Scandinavia; Sámi languages: /. ( ) is a subregion#Europe, subregion in Northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. In English usage, ''Scandinavia'' most commonly refers to Denmark, Norway, and Sweden. It can sometimes also refer more narrowly to the Scandinavian Peninsula (which excludes Denmark but includes part of Finland), or more broadly to include all of Finland, Iceland, and the Faroe Islands. The geography of the region is varied, from the Norwegian fjords in the west and Scandinavian mountains covering parts of Norway and Sweden, to the low and flat areas of Denmark in the south, as well as archipelagos and lakes in the east. Most of the population in the region live in the more temperate southern regions, with the northern parts having long, cold, winters. The region became notable during the Viking Age, when Scandinavian peoples participated in large scale raiding, conquest, colonization and trading mostl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meerkat
MeerKAT, originally the Karoo Array Telescope, is a radio telescope consisting of 64 antennas in the Meerkat National Park, in the Northern Cape of South Africa. In 2003, South Africa submitted an expression of interest to host the Square Kilometre Array (SKA) Radio Telescope in Africa, and the locally designed and built MeerKAT was incorporated into the first phase of the SKA. MeerKAT was launched in 2018. Along with the Hydrogen Epoch of Reionization Array (HERA), also in South Africa, and two radio telescopes in Western Australia, the Australian SKA Pathfinder (ASKAP) and the Murchison Widefield Array (MWA), the MeerKAT is one of four precursors to the final SKA. History MeerKAT is a precursor for the SKA-mid array, as are the Hydrogen Epoch of Reionization Array (HERA), the Australian SKA Pathfinder (ASKAP) and the Murchison Widefield Array (MWA). Description It is located on the SKA site in the Karoo, and is a pathfinder for SKA-mid technologies and science. It was design ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confirmation Bias
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms or supports one's prior beliefs or values. People display this bias when they select information that supports their views, ignoring contrary information, or when they interpret ambiguous evidence as supporting their existing attitudes. The effect is strongest for desired outcomes, for emotionally charged issues, and for deeply entrenched beliefs. Confirmation bias cannot be eliminated, but it can be managed, for example, by education and training in critical thinking skills. Biased search for information, biased interpretation of this information, and biased memory recall, have been invoked to explain four specific effects: # ''attitude polarization'' (when a disagreement becomes more extreme even though the different parties are exposed to the same evidence) # ''belief perseverance'' (when beliefs persist after the evidence for them is shown to be false) # the ''irr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denial
Denial, in ordinary English usage, has at least three meanings: asserting that any particular statement or allegation is not true (which might be accurate or inaccurate); the refusal of a request; and asserting that a true statement is not true. In psychology, denialism is a person's choice to deny reality as a way to avoid a psychologically uncomfortable truth. In psychoanalytic theory, denial is a defense mechanism in which a person is faced with a fact that is too uncomfortable to accept and rejects it instead, insisting that it is not true despite what may be overwhelming evidence. The concept of denial is important in twelve-step programs where the abandonment or reversal of denial that substance dependence is problematic forms the basis of the first, fourth, fifth, eighth and tenth steps. People who are exhibiting symptoms of a serious medical condition sometimes deny or ignore those symptoms because the idea of having a serious health problem is uncomfortable or disturb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elephant In The Room
The expression “the elephant in the room” (or "the elephant in the living room") is a metaphorical idiom in English for an important or enormous topic, question, or controversial issue that is obvious or that everyone knows about but no one mentions or wants to discuss because it makes at least some of them uncomfortable and is personally, socially, or politically embarrassing, controversial, inflammatory, or dangerous. It is based on the idea/thought that something as conspicuous as an elephant can appear to be overlooked in codified social interactions and that the sociology/psychology of repression also operates on the macro scale. Various languages around the world have words that describe similar concepts. Origins In 1814, Ivan Krylov (17691844), poet and fabulist, wrote a fable entitled "The Inquisitive Man", which tells of a man who goes to a museum and notices all sorts of tiny things, but fails to notice an elephant. The phrase became proverbial. Fyodor Dostoevsky ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loss Aversion
Loss aversion is the tendency to prefer avoiding losses to acquiring equivalent gains. The principle is prominent in the domain of economics. What distinguishes loss aversion from risk aversion is that the utility of a monetary payoff depends on what was previously experienced or was expected to happen. Some studies have suggested that losses are twice as powerful, psychologically, as gains. Loss aversion was first identified by Amos Tversky and Daniel Kahneman. Loss aversion implies that one who loses $100 will lose more satisfaction than the same person will gain satisfaction from a $100 windfall. In marketing, the use of trial periods and rebates tries to take advantage of the buyer's tendency to value the good more after the buyer incorporates it in the status quo. In past behavioral economics studies, users participate up until the threat of loss equals any incurred gains. Recent methods established by Botond Kőszegi and Matthew Rabin in experimental economics illustrat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schrödinger's Cat
In quantum mechanics, Schrödinger's cat is a thought experiment that illustrates a paradox of quantum superposition. In the thought experiment, a hypothetical cat may be considered simultaneously both alive and dead, while it is unobserved in a closed box, as a result of its fate being linked to a random subatomic event that may or may not occur. This thought experiment was devised by physicist Erwin Schrödinger in 1935, in a discussion with Albert Einstein, to illustrate what Schrödinger saw as the problems of the Copenhagen interpretation of quantum mechanics. The scenario is often featured in theoretical discussions of the interpretations of quantum mechanics, particularly in situations involving the measurement problem. Origin and motivation Schrödinger intended his thought experiment as a discussion of the EPR article—named after its authors Einstein, Podolsky, and Rosen—in 1935. The EPR article highlighted the counterintuitive nature of quantum superposition ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Selective Exposure
Selective may refer to: * Selective school, a school that admits students on the basis of some sort of selection criteria ** Selective school (New South Wales) Selective strength: the human body transitions between being weak and strong. This ranges depending on the initial strength of the person. On some days for example you may be able to lift a heavy weight or open a difficult jar/bottle but in another day you won’t be able to do these things. See also * Selective breeding, the process of breeding for specific traits * Selection (other) Selection may refer to: Science * Selection (biology), also called natural selection, selection in evolution ** Sex selection, in genetics ** Mate selection, in mating ** Sexual selection in humans, in human sexuality ** Human mating strategi ... * Selectivity (other) * * {{disambig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
