Inlämning av Examensarbete / Submission of Thesis

Mikael Gustavsson; Richard Karlsson; Henrik Wannberg , pp. 37. Inst. för ekonomi och management/Dept. of Business Administration and Management, 2001.

The work

Författare / Author: Mikael Gustavsson, Richard Karlsson, Henrik Wannberg
ie97mgu@student.bth.se: richard@shortcut.nu: henrik@trottar.net
Titel / Title: Psykologiska beslutsfällors inverkan på investeringsbeslut
Översatt titel / Translated title: Psychological decision traps affect on investments decision
Abstrakt Abstract:

Problem: The question is if investors falls into psychological decision traps when they are about to make an investments decision. Research in other areas suggests that this may be case. The reason is that they are not aware of that psychological decision traps exist. If so, it can lead to pernicious consequences for the return on the portfolios they manage.

Purpose: To investigate if investors fall into four different psychological decisions traps: anchoring, confirming evidence, overconfidence and regression towards mean, at investments in IPOs

Method: We have collected data through a form of experiment. The experiment was designed with test related to a fictitious Initial Public Offering.

Conclusions: The result from the empirical study shows that stock investors falls into the psychological decisions traps. In general there are more amateur investors who falls into the traps than professional analysts.

We have created a model over the investment decision process and the traps associated to each step in the process.

Ämnesord / Subject: Företagsekonomi - Business Administration\Information

Nyckelord / Keywords: psykologi, beslutsfällor, investeringar, börsintroduktioner, IPO, investeringsbeslut

Publication info

Dokument id / Document id:
Program:/ Programme Informationsekonomi/Business Administration in Strategic Systems Management
Registreringsdatum / Date of registration: 09/16/2004
Uppsatstyp / Type of thesis: D-Uppsats/Magister/Master

Context

Handledare / Supervisor: Anders Hederstierna
ahe@iem.bth.se
Examinator / Examiner: Anders Hederstierna
Organisation / Organisation: Blekinge Institute of Technology
Institution / School: Inst. för ekonomi och management/Dept. of Business Administration and Management
Inst. för ekonomi och management S-372 25 Ronneby
+46 455 780 00
http://www.iem.bth.se/
Anmärkningar / Comments:

Mikael Gustavsson 0702-46 28 94
Richard Karlsson 0707- 46 28 83
Henrik Wannberg 0736- 26 35 54