A study of institutional investors found that their stock sales underperformed a random selling strategy from their own portfolio by 100 to 200 basis points.

The "disposition effect," a tendency for investors to sell winning stocks too early and hold onto losing stocks for too long, was first documented by Hersh Shefrin and Meir Statman in 1985 and has bee...

A well-replicated finding known as the "bias blind spot" shows that people readily identify behavioral biases in others but do not believe they themselves exhibit those same biases.

The selling decisions of institutional investors exhibit the same behavioral biases found in lab experiments, whereas their buying decisions appear disciplined and do not show evidence of heuristics.

Behavioral economics gained significant traction largely through behavioral finance, which provided data on consequential decisions made by individuals in real markets.

Despite a "reproducibility crisis" in other social sciences, the core anomalies of behavioral economics have been shown to be highly robust and reproducible in modern replications.

An analysis by a University of Chicago colleague found that weekly options are one of the most popular products on Robinhood, partly because the platform actively pushes them to users.

A major principle in behavioral finance is "limited attention," where both retail and institutional investors are more likely to buy stocks that are prominently covered in the news.

Undergraduate microeconomics textbooks used today are fundamentally the same as those from 1973 and have not incorporated modern behavioral economics.

Between 2003 and 2007, Northwestern University did not offer a single undergraduate course in behavioral economics.