Investor Sophistication and the Effect of Behavioral Biases in Structured Products Investment

2012 ◽  
Author(s):  
Moran Ofir ◽  
Zvi Wiener
Keyword(s):  
Structured Products ◽  
Behavioral Biases ◽  
Investor Sophistication

Institutional Investors

2017 ◽  
Author(s):  
Alexandre Skiba ◽  
Hilla Skiba
Keyword(s):  
Behavioral Finance ◽  
Institutional Investors ◽  
Large Body ◽  
Individual Investors ◽  
Trading Behavior ◽  
Institutional Trading ◽  
Behavioral Biases ◽  
Investor Sophistication ◽  
The Common ◽  
Momentum Trading

A large body of behavioral finance literature focuses on the behavioral biases of individual investors in their trading choices. The research shows that sophistication is related to the level at which these behavioral biases influence investors’ trading choices. This chapter reviews the literature on institutional investors’ trading behavior and finds that, consistent with the level of investor sophistication, institutional investors are less subject to the common behavioral biases. However, some behavioral biases are also present in institutional trading, and more so among less sophisticated practitioners. Evidence also shows that institutional investors engage in some trading choices such as herding, momentum trading, and under-diversification, which could be symptoms of behavioral biases. Based on the reviewed research, these trading behaviors are not value reducing. Overall, evidence indicates that institutional investors are less subject to behavioral biases, making markets more efficient.

Taxation of Equity Derivatives and Structured Products

2003 ◽  
Author(s):  
Tony Rumble ◽  
Mohammed Amin ◽  
Edward D Kleinbard
Keyword(s):  
Structured Products ◽  
Equity Derivatives

Hedging and Asset Allocation for Structured Products

2005 ◽  
Author(s):  
William Robert Maurice Perraudin ◽  
Vladislav Peretyatkin ◽  
Robert Lamb
Keyword(s):  
Asset Allocation ◽  
Structured Products

Asian Structured Products

2017 ◽  
Author(s):  
Angel Wu ◽  
Clarke Pitts
Keyword(s):  
Structured Products
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