create a website

Split Personalities? Behavioral Effects of Temperature on Financial Decision-making. (2021). Makridis, Christos ; Litina, Anastasia ; Gavresi, Despina.
In: Discussion Paper Series.
RePEc:mcd:mcddps:2021_16.

Full description at Econpapers || Download paper

Cited: 0

Citations received by this document

Cites: 54

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

    This document has not been cited yet.

References

References cited by this document

  1. Adam, K., Marcet, A., and Beutel, J. (2017). Stock price booms and expected capital gains. American Economic Review, 107(8):2352–2408.

  2. Addoum, J. M., Korniotis, G., and Kumar, A. (2017). Stature, obesity, and portfolio choice. Management Science, 63(10):3393–3413.

  3. Adelino, M., Schoar, A., and Severino, F. (2018). Dynamics of housing debt in the recent boom and bust. NBER Macro Annual 2017, 32.
    Paper not yet in RePEc: Add citation now
  4. Alesina, A. and Fuchs-Schündeln, N. (2007). Goodbye lenin (or not?): The effect of communism on people’s preferences. American Economic Review, 97(4):1507–1528.

  5. Angelini, V. and Cavapozzi, D. (2017). Dispositional optimism and stock investments. Journal of Economic Psychology, 59:113–128.

  6. Aspinwall, L. and Taylor, S. E. (1992). Modeling cognitive adaptation: A longitudinal investigation of the impact of individual differences and coping on college adjustment and performance.
    Paper not yet in RePEc: Add citation now
  7. Barber, B. M. and Odean, T. (2001). Boys will be boys: Gender, overconfidence, and common stock investment. Quarterly Journal of Economics, 116(1):261–292.

  8. Baylis, P. (2020). Temperature and temperament: Evidence from twitter. Journal of Public Economics, 184.

  9. Becker, A., Deckers, T., Dohmen, T., Falk, A., and Kosse, F. (2011). The relationship between economic preferences and psychological personality measures.

  10. Beshears, J., Choi, J. J., Laibson, D., and Madrian, B. C. (2018). Behavioral household finance. Handbook of Behavioral Economics.

  11. Bloom, D. E. and Sachs, J. D. (1998). Geography, demography, and economic growth in africa. Brookings Papers on Economic Activity, 2:207–295.

  12. Bordalo, P., Gennaioli, N., and Shleifer, A. (2012). Salience theory of choice under risk. Quarterly Journal of Economics, 127(3):1243–1285.

  13. Bordalo, P., Gennaioli, N., and Shleifer, A. (2013). Salience and consumer choice. Journal of Political Economy, 121(5):803–843.

  14. Bordalo, P., Gennaioli, N., and Shleifer, A. (2018). Diagnostic expectations and credit cycles. Journal of Finance, 73(1):199–227.

  15. Caplan, A. (2016). Measuring and modeling attention. Annual Review of Economics, 8:379–403.
    Paper not yet in RePEc: Add citation now
  16. Coval, J. D. and Shumway, T. (2005). Do behavioral biases affect prices? Journal of Finance, 60:1–34.

  17. Coval, J., Hirshleifer, D., and Teoh, S. H. (2005). Self-deception and deception in capital markets. Deception in Markets: An Economic Analysis. Basingstoke: Palgrave Macmillan, pages 113– 130.
    Paper not yet in RePEc: Add citation now
  18. Dawson, C. (2017). Financial optimism and entrepreneurial satisfaction. Strategic Entrepreneurship Journal, 11(2):171–194.
    Paper not yet in RePEc: Add citation now
  19. Deaton, A. (2008). Income, health, and well-being around the world: Evidence from the gallup world poll. Journal of Economic Perspectives, 22(2):53–72.

  20. Dell, M., Jones, B. F., and Olken, B. A. (2012). Temperature shocks and economic growth: Evidence from the last half century. American Economic Journal: Macroeconomics, 4(3):66–95.

  21. Dell, M., Jones, B. F., and Olken, B. A. (2014). What do we learn from the weather? the new climate-economy literature. Journal of Economic Literature, 52(3):740–98.

  22. DellaVigna, S. and Pollet, J. M. (2009). Investor inattention and friday earnings announcements. Journal of Finance, 64(2):709–749.

  23. Donnelly, G., Iyer, R., and Howell, R. T. (2012). The big five personality traits, material values, and financial well-being of self-described money managers. Journal of Economic Psychology, 33(6):1129–1142.

  24. Durand, R. B., Newby, R., and Sanghani, J. (2008). An intimate portrait of the individual investor. The Journal of Behavioral Finance, 9(4):193–208.
    Paper not yet in RePEc: Add citation now
  25. Finkelstein, A., Luttmer, E. F. P., and Notowidigdo, M. J. (2013). What good is wealth without health? the effect of health on the marginal utility of consumption. Journal of the European Economic Association, 11:221–258.

  26. Flavin, M. and Yamashita, T. (2011). Owner-occupied housing: Life-cycle implications for the household portfolio. American Economic Review, 101(3):609–614.

  27. Frazzini, A. (2006). The disposition effect and under-reaction to news. Journal of Finance, 61(4):2017–2046.

  28. Gervais, S. and Goldstein, I. (2007). The positive effects of biased self-perceptions in firms. Review of Finance, 11(3):453–496.

  29. Goetzmann, W. N. and Zhu, N. (2005). Rain or shine: Where is the weather effect? European Financial Management, 11(5):559–578.

  30. Goetzmann, W. N., Kim, D., Kumar, A., and Wang, Q. (2014). Weather-induced mood, institutional investors, and stock returns. Review of Financial Studies, 28(1):73–111.
    Paper not yet in RePEc: Add citation now
  31. Grinblatt, M. and Keloharju, M. (2000). The investment behavior and performance of various investor types: A study of finland’s unique data set. Journal of Financial Economics, 55:43–67.

  32. Grinblatt, M., Keloharju, M., and Linnainmaa, J. (2011). Iq and stock market participation. 66(6):2121–2164.

  33. Guiso, L., Sapienza, P., and Zingales, L. (2004). The role of social capital in financial development. American Economic Review, 94(3):526–556.

  34. Guiso, L., Sapienza, P., and Zingales, L. (2008). Trusting the stock market. the Journal of Finance, 63(6):2557–2600.

  35. Hirshleifer, D. (2020). Presidential address: Social transmission bias in economics and finance.

  36. Hirshleifer, D., Jian, M., and Zhang, H. (2016). Superstition and financial decision making. Management Science, 64(1).
    Paper not yet in RePEc: Add citation now
  37. Hirshleifer, D., Jiang, D., and DiGiovanni, Y. M. (2020). Mood beta and seasonalities in stock returns. Journal of Financial Economics, 137:272–295.

  38. Kaplan, G., Mitman, K., and Violante, G. (2020). The Housing Boom and Bust: Model Meets Evidence. Journal of Political Economy, 128(9).

  39. Maggiori, M., Ströbel, J., Giglio, S., and Utkus, S. P. (2021). Five facts about beliefs and portfolios.

  40. Makridis, C. A. (2020). Can You Feel the Heat? Extreme Temperatures, Stock Returns, and Economic Sentiment. SSRN working paper.
    Paper not yet in RePEc: Add citation now
  41. Makridis, C. A. and Ransom, T. (2020). Beating the heat: Temperature and spatial reallocation over the short and long-run. SSRN working paper.
    Paper not yet in RePEc: Add citation now
  42. Park, R. J. (2020). Hot temperature and high stakes performance. Journal of Human Resources.
    Paper not yet in RePEc: Add citation now
  43. Precipitation: The yearly precipitation is calculated as the sum of the mean monthly precipitation in 1000’s of millimeters. B Supplementary Tables This section exports some additional robustness tables.
    Paper not yet in RePEc: Add citation now
  44. Puri, M. and Robinson, D. T. (2007). Optimism and economic choice. Journal of Financial Economics, 86:71–99.

  45. Rieger, M. O., Wang, M., and Hens, T. (2021). Universal time preference. PLOS One, 16(2).

  46. Robinson, J. A. and Acemoglu, D. (2012). Why Nations Fail: The Origins of Power, Prosperity and Poverty. Profile London.
    Paper not yet in RePEc: Add citation now
  47. Rodrik, D., Subramanian, A., and Trebbi, F. (2004). Institutions rule: The primacy of institutions over geography and integration in economic development. Journal of Economic Growth, 9:131– 165.

  48. Sanders, J. L. and Brizzolara, M. S. (1982). Relationships between weather and mood. Journal of General Psychology.
    Paper not yet in RePEc: Add citation now
  49. Scheier, M. F. and Carver, C. (1985). Optimism, coping and health: assessment and implications of generalized outcome expectancies. Health Psychology, 4:219–247.
    Paper not yet in RePEc: Add citation now
  50. Scheier, M. F., Carver, C. S., and Bridges, M. W. (1994). Distinguishing optimism from neuroticism (and trait anxiety, self-mastery, and self-esteem): A re-evaluation of the life orientation test. Journal of Personality and Social Psychology, 67:1063–1078.
    Paper not yet in RePEc: Add citation now
  51. Scheier, M., Matthews, K., Magovern, J., Lefebvre, R., and Abbot, R. (1989). Dispositional optimism and recovery from coronary artery bypass surgery: the beneficial effects on physical and psychological well-being. Personality and Social Psychology, 57:1024–1040.
    Paper not yet in RePEc: Add citation now
  52. Schulz, R., Bookwala, J., Knapp, J., Scheier, M., and Williamson, G. (1996). Pessimism, age and cancer mortality. Psychology and Ageing, 11:304–309.
    Paper not yet in RePEc: Add citation now
  53. Stango, V. and Zinman, J. (2009). Exponential growth bias and household finance. Journal of Finance, 64(6):2807–2849.

  54. Stango, V. and Zinman, J. (2014). Limited and varying consumer attention: Evidence from shocks to the salience of bank overdraft fees. Review of Financial Studies, 27(4):990–1030.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Analysts’ extrapolative expectations in the cross-section. (2024). Oesinghaus, Andreas.
    In: Journal of Economics and Business.
    RePEc:eee:jebusi:v:130:y:2024:i:c:s014861952400016x.

    Full description at Econpapers || Download paper

  2. Do financial market experts know their theory? New evidence from survey data. (2022). Brückbauer, Frank ; Bruckbauer, Frank.
    In: ZEW Discussion Papers.
    RePEc:zbw:zewdip:20092.

    Full description at Econpapers || Download paper

  3. Examining the Sources of Excess Return Predictability: Stochastic Volatility or Market Inefficiency?. (2022). Ma, Jun ; LeRoy, Stephen ; Lansing, Kevin.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2018-14.

    Full description at Econpapers || Download paper

  4. Self-Fulfilling Prophecies, Quasi Non-Ergodicity and Wealth Inequality. (2022). Farmer, Roger ; Bouchaud, Jean-Philippe.
    In: Papers.
    RePEc:arx:papers:2012.09445.

    Full description at Econpapers || Download paper

  5. Toothless tiger with claws? Financial stability communication, expectations, and risk-taking. (2021). Metiu, Norbert ; Stockerl, Valentin ; Beutel, Johannes.
    In: Discussion Papers.
    RePEc:zbw:bubdps:052021.

    Full description at Econpapers || Download paper

  6. Adaptive Learning and Labor Market Dynamics. (2021). Mitra, Kaushik ; Di Pace, Federico ; Zhang, S ; Dipace, F.
    In: Journal of Money, Credit and Banking.
    RePEc:wly:jmoncb:v:53:y:2021:i:2-3:p:441-475.

    Full description at Econpapers || Download paper

  7. Extrapolative expectations and macroeconomic dynamics: Evidence from an estimated DSGE model. (2021). Madeira, Joao ; Bask, Mikael.
    In: International Journal of Finance & Economics.
    RePEc:wly:ijfiec:v:26:y:2021:i:1:p:1101-1111.

    Full description at Econpapers || Download paper

  8. Uncertainty, sentiments and time-varying risk premia. (2021). Berardi, Michele.
    In: MPRA Paper.
    RePEc:pra:mprapa:106922.

    Full description at Econpapers || Download paper

  9. Split Personalities? Behavioral Effects of Temperature on Financial Decision-making. (2021). Makridis, Christos ; Litina, Anastasia ; Gavresi, Despina.
    In: Discussion Paper Series.
    RePEc:mcd:mcddps:2021_16.

    Full description at Econpapers || Download paper

  10. Heterogeneous beliefs, monetary policy, and stock price volatility. (2021). Oshima, Katsuhiro.
    In: Annals of Finance.
    RePEc:kap:annfin:v:17:y:2021:i:1:d:10.1007_s10436-020-00379-9.

    Full description at Econpapers || Download paper

  11. Convergence to Rational Expectations in Learning Models: A Note of Caution. (2021). Ravikumar, B ; Chien, YiLi ; Cho, Inkoo.
    In: Review.
    RePEc:fip:fedlrv:92881.

    Full description at Econpapers || Download paper

  12. Toothless tiger with claws? Financial stability communication, expectations, and risk-taking. (2021). Metiu, Norbert ; Stockerl, Valentin ; Beutel, Johannes.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:120:y:2021:i:c:p:53-69.

    Full description at Econpapers || Download paper

  13. Do survey expectations of stock returns reflect risk adjustments?. (2021). Nagel, Stefan ; Matveev, Dmitry ; Adam, Klaus.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:117:y:2021:i:c:p:723-740.

    Full description at Econpapers || Download paper

  14. Learning when to say no. (2021). McGough, Bruce ; Evans, George.
    In: Journal of Economic Theory.
    RePEc:eee:jetheo:v:194:y:2021:i:c:s0022053121000570.

    Full description at Econpapers || Download paper

  15. The ordering of historical returns and the cross-section of subsequent returns. (2021). Mohrschladt, Hannes.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:125:y:2021:i:c:s0378426621000224.

    Full description at Econpapers || Download paper

  16. Adaptive learning with term structure information. (2021). Vázquez, Jesús ; Aguilar, Pablo ; Vazquez, Jesus.
    In: European Economic Review.
    RePEc:eee:eecrev:v:134:y:2021:i:c:s0014292121000428.

    Full description at Econpapers || Download paper

  17. Stock prices and the risk-free rate: An internal rationality approach. (2021). Zhang, Tongbin.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:127:y:2021:i:c:s0165188921000385.

    Full description at Econpapers || Download paper

  18. Belief Distortions and Macroeconomic Fluctuations. (2020). Ma, Sai ; Ludvigson, Sydney ; Bianchi, Francesco.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:27406.

    Full description at Econpapers || Download paper

  19. Robustly Optimal Monetary Policy in a New Keynesian Model with Housing. (2020). Woodford, Michael ; Adam, Klaus.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:26833.

    Full description at Econpapers || Download paper

  20. The role of learning for asset prices and business cycles. (2020). Winkler, Fabian.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:114:y:2020:i:c:p:42-58.

    Full description at Econpapers || Download paper

  21. US stock prices and recency-biased learning in the run-up to the Global Financial Crisis and its aftermath. (2020). Gandré, Pauline ; Gandre, Pauline.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:104:y:2020:i:c:s0261560618304790.

    Full description at Econpapers || Download paper

  22. Price discovery in the small and in the large: Momentum and reversal, bubbles, and crashes. (2020). Kedar-Levy, Haim.
    In: Journal of Financial Markets.
    RePEc:eee:finmar:v:48:y:2020:i:c:s1386418118302428.

    Full description at Econpapers || Download paper

  23. Learning, house prices and macro-financial linkages. (2020). Gandré, Pauline ; Gandre, Pauline.
    In: EconomiX Working Papers.
    RePEc:drm:wpaper:2020-10.

    Full description at Econpapers || Download paper

  24. Why so Negative? Belief Formation and Risk Taking in Boom and Bust Markets. (2020). Weber, Martin ; Kieren, Pascal ; Mueller-Dethard, Jan.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:14647.

    Full description at Econpapers || Download paper

  25. Robustly Optimal Monetary Policy in a New Keynesian Model with Housing. (2020). Woodford, Michael ; Adam, Klaus.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:14445.

    Full description at Econpapers || Download paper

  26. Robustly Optimal Monetary Policy in a New Keynesian Model with Housing. (2020). Woodford, Michael ; Adam, Klaus.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_8127.

    Full description at Econpapers || Download paper

  27. Falling Natural Rates, Rising Housing Volatility and the Optimal Inflation Target. (2020). Reinelt, Timo ; Pfäuti, Oliver ; Adam, Klaus ; Pfauti, Oliver.
    In: CRC TR 224 Discussion Paper Series.
    RePEc:bon:boncrc:crctr224_2020_235.

    Full description at Econpapers || Download paper

  28. Asset Price Beliefs and Optimal Monetary Policy. (2019). Winkler, Fabian ; Caines, Colin.
    In: 2019 Meeting Papers.
    RePEc:red:sed019:713.

    Full description at Econpapers || Download paper

  29. New Tests of Expectation Formation with Applications to Asset Pricing Models. (2019). Kuang, Pei.
    In: 2019 Meeting Papers.
    RePEc:red:sed019:187.

    Full description at Econpapers || Download paper

  30. Superstitious Investors. (2019). Wachter, Jessica ; Guo, Hongye.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:25603.

    Full description at Econpapers || Download paper

  31. Heterogeneous Beliefs, Monetary Policy, and Stock Price Volatility. (2019). Oshima, Katsuhiro.
    In: KIER Working Papers.
    RePEc:kyo:wpaper:1013.

    Full description at Econpapers || Download paper

  32. Subjective Beliefs, Monetary Policy, and Stock Price Volatility. (2019). Oshima, Katsuhiro.
    In: KIER Working Papers.
    RePEc:kyo:wpaper:1012.

    Full description at Econpapers || Download paper

  33. Survey Data and Subjective Beliefs in Business Cycle Models. (2019). Ho, Paul ; Borovička, Jaroslav ; Horvitz, Paul M ; Bhandari, Anmol.
    In: Working Paper.
    RePEc:fip:fedrwp:19-14.

    Full description at Econpapers || Download paper

  34. Learning, heterogeneity, and complexity in the New Keynesian model. (2019). Levine, Paul ; Hommes, Cars ; Calvert Jump, Robert.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:166:y:2019:i:c:p:446-470.

    Full description at Econpapers || Download paper

  35. Learning about banks’ net worth and the slow recovery after the financial crisis. (2019). Kühl, Michael ; Kuhl, Michael ; Hollmayr, Josef.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:109:y:2019:i:c:s0165188919301733.

    Full description at Econpapers || Download paper

  36. Stock Price Cycles and Business Cycles. (2019). Adam, Klaus ; Merkel, Sebastian.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:13866.

    Full description at Econpapers || Download paper

  37. New Tests of Expectation Formation with Applications to Asset Pricing Models. (2019). Kuang, Pei ; Zhang, Tongbin.
    In: Discussion Papers.
    RePEc:bir:birmec:19-05.

    Full description at Econpapers || Download paper

  38. Leaning against housing prices as robustly optimal monetary policy. (2018). Woodford, Michael ; Adam, Klaus.
    In: CFS Working Paper Series.
    RePEc:zbw:cfswop:601.

    Full description at Econpapers || Download paper

  39. Explaining the Boom–Bust Cycle in the U.S. Housing Market: A Reverse‐Engineering Approach. (2018). Natvik, Gisle ; Lansing, Kevin ; Gelain, Paolo.
    In: Journal of Money, Credit and Banking.
    RePEc:wly:jmoncb:v:50:y:2018:i:8:p:1751-1783.

    Full description at Econpapers || Download paper

  40. Learning, Heterogeneity, and Complexity in the New Keynesian Model.. (2018). Levine, Paul ; Hommes, Cars ; Calvert Jump, Robert.
    In: Working Papers.
    RePEc:uwe:wpaper:20181807.

    Full description at Econpapers || Download paper

  41. Asset Price Learning and Optimal Monetary Policy. (2018). Winkler, Fabian ; Caines, Colin.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:1236.

    Full description at Econpapers || Download paper

  42. The business cycle implications of fluctuating long run expectations. (2018). Tortorice, Daniel.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:58:y:2018:i:c:p:266-291.

    Full description at Econpapers || Download paper

  43. Equity return predictability, time varying volatility and learning about the permanence of shocks. (2018). Tortorice, Daniel.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:148:y:2018:i:c:p:315-343.

    Full description at Econpapers || Download paper

  44. Contrasting financial and business cycles: Stylized facts and candidate explanations. (2018). Schüler, Yves ; Jaccard, Ivan ; Schuler, Yves ; Hiebert, Paul.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:38:y:2018:i:c:p:72-80.

    Full description at Econpapers || Download paper

  45. Some implications of learning for price stability. (2018). Preston, Bruce ; Giannoni, Marc ; Eusepi, Stefano.
    In: European Economic Review.
    RePEc:eee:eecrev:v:106:y:2018:i:c:p:1-20.

    Full description at Econpapers || Download paper

  46. Behavioral & experimental macroeconomics and policy analysis: a complex systems approach. (2018). Hommes, Cars.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20182201.

    Full description at Econpapers || Download paper

  47. Stochastic discounting and the transmission of money supply shocks. (2018). Jaccard, Ivan.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20182174.

    Full description at Econpapers || Download paper

  48. Leaning Against Housing Prices as Robustly Optimal Monetary Policy. (2018). Woodford, Michael ; Adam, Klaus.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:12937.

    Full description at Econpapers || Download paper

  49. Leaning Against Housing Prices as Robustly Optimal Monetary Policy. (2018). Woodford, Michael ; Adam, Klaus.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_7071.

    Full description at Econpapers || Download paper

  50. Internal rationalityuyuyuy, heterogeneity and complexity in the New Keynesian model. (2017). Levine, Paul ; Hommes, Cars ; Calvert Jump, Robert.
    In: Working Papers.
    RePEc:uwe:wpaper:20171706.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-01 11:37:26 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.