Journal of Behavioral and Experimental Finance
@jbef.bsky.social
The journal welcomes full-length and short letter papers as well as registered reports in the area of behavioral finance and experimental finance.
https://www.sciencedirect.com/journal/journal-of-behavioral-and-experimental-finance
https://www.sciencedirect.com/journal/journal-of-behavioral-and-experimental-finance
Forthcoming in JBEF: “Where is the risk? How cryptocurrency investment relates to undesirable financial behaviors” by Z. Bai, P. Wang, and B. Xue. www.sciencedirect.com/science/arti...
Where is the risk? How cryptocurrency investment relates to undesirable financial behaviors
This paper investigates how cryptocurrency investment is associated with three undesirable financial behaviors: late mortgage payment, credit card mis…
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February 19, 2026 at 10:42 PM
Forthcoming in JBEF: “Where is the risk? How cryptocurrency investment relates to undesirable financial behaviors” by Z. Bai, P. Wang, and B. Xue. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Bonus Structures and Bubble Formation in Experimental Asset Markets” by X. Wang and Y. Funaki. www.sciencedirect.com/science/arti...
Bonus structures and bubble formation in experimental asset markets
In this study, we examine how different tournament-style bonus structures influence asset bubbles in experimental markets. We compare two structures: …
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February 17, 2026 at 4:30 PM
Forthcoming in JBEF: “Bonus Structures and Bubble Formation in Experimental Asset Markets” by X. Wang and Y. Funaki. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Biodiversity Risk Disclosures and Stock Price Crash Risk” by D. Ning and Y. Yasuda. www.sciencedirect.com/science/arti...
Biodiversity risk disclosures and stock price crash risk
This study investigates whether biodiversity risk disclosures reduce stock price crash risk, leveraging the early adopter announcements of the Taskfor…
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February 15, 2026 at 8:59 AM
Forthcoming in JBEF: “Biodiversity Risk Disclosures and Stock Price Crash Risk” by D. Ning and Y. Yasuda. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Gambling on Bitcoin options?” by M. Flynn and Y. Liu. www.sciencedirect.com/science/arti...
February 12, 2026 at 9:20 PM
Forthcoming in JBEF: “Gambling on Bitcoin options?” by M. Flynn and Y. Liu. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “How individuals use generative AI for personal financial management” by T.-Y. Pak. www.sciencedirect.com/science/arti...
How individuals use generative AI for personal financial management
This study provides a comprehensive analysis of how individuals use large language models (LLMs) like ChatGPT for everyday financial management. Using…
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February 10, 2026 at 7:34 AM
Forthcoming in JBEF: “How individuals use generative AI for personal financial management” by T.-Y. Pak. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Time-varying risk aversion and the equity term structure” by M. A. de Vries. www.sciencedirect.com/science/arti...
Time-varying risk aversion and the equity term structure
I show that time-varying risk aversion over wealth can generate a term structure of equity risk premia that is upward sloping in bad times and downwar…
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February 8, 2026 at 3:31 AM
Forthcoming in JBEF: “Time-varying risk aversion and the equity term structure” by M. A. de Vries. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Artificial intelligence (AI) and corporate governance: Evidence from board size” by P. Chatjuthamard, P. Jiraporn, and S. M. Lee. www.sciencedirect.com/science/arti...
Artificial intelligence (AI) and corporate governance: Evidence from board size
We examine the effect of board size on the adoption of artificial intelligence (AI)-skilled employees, a critical determinant of firms’ ability to lev…
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February 5, 2026 at 7:12 AM
Forthcoming in JBEF: “Artificial intelligence (AI) and corporate governance: Evidence from board size” by P. Chatjuthamard, P. Jiraporn, and S. M. Lee. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Emotional Dynamics and Knowledge Spillover in Collaborative Innovation” by Z. Che, W. Yang, C. Wu, and Q. Gao.
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Emotional dynamics and knowledge spillover in collaborative innovation
This study examines the impact of emotional factors and knowledge spillover on the behavioral tendencies of firms, universities, and research institut…
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February 3, 2026 at 7:27 AM
Forthcoming in JBEF: “Emotional Dynamics and Knowledge Spillover in Collaborative Innovation” by Z. Che, W. Yang, C. Wu, and Q. Gao.
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Forthcoming in JBEF: “An agent-based model of rumor-induced volatility in financial markets” by V. B. Marisetty, W. van Heeswijk, and A. Narayanan. www.sciencedirect.com/science/arti...
An agent-based model of rumor-induced volatility in financial markets
Rumors in financial markets impact investors’ decisions, driving asset prices away from their fundamental valuations. From a regulatory perspective, i…
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February 1, 2026 at 6:07 AM
Forthcoming in JBEF: “An agent-based model of rumor-induced volatility in financial markets” by V. B. Marisetty, W. van Heeswijk, and A. Narayanan. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Cultural celebrations and investor gambling behavior” by J. H. Fan, M. Li, and X. Wang. www.sciencedirect.com/science/arti...
Cultural celebrations and investor gambling behavior
We document a surge in gambling demand surrounding the Lunar New Year (LNY) period in the Chinese A-share market. Lottery-like stocks significantly ou…
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January 29, 2026 at 11:23 PM
Forthcoming in JBEF: “Cultural celebrations and investor gambling behavior” by J. H. Fan, M. Li, and X. Wang. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Procrastination in personal finance: Implications for estate planning and retirement satisfaction” by R. Shah and A. Mukherjee. www.sciencedirect.com/science/arti...
Procrastination in personal finance: Implications for estate planning and retirement satisfaction
Despite concerns that many older adults delay essential financial decisions, there is limited population-level evidence linking measured procrastinati…
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January 25, 2026 at 3:42 AM
Forthcoming in JBEF: “Procrastination in personal finance: Implications for estate planning and retirement satisfaction” by R. Shah and A. Mukherjee. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Golden eye — How traders focus on and select information in experimental asset markets” by M. Herrmann-Romero, S. Liegl, M. Angerer, and T. Stöckl. www.sciencedirect.com/science/arti...
Golden eye — How traders focus on and select information in experimental asset markets
In this study, we examine the subjective importance that traders attribute to specific information elements in experimental asset markets in two ways.…
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January 21, 2026 at 11:21 PM
Forthcoming in JBEF: “Golden eye — How traders focus on and select information in experimental asset markets” by M. Herrmann-Romero, S. Liegl, M. Angerer, and T. Stöckl. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Testing axiomatizations of ambiguity aversion” by D. L. Chen. www.sciencedirect.com/science/arti...
Testing axiomatizations of ambiguity aversion
The study of choice under uncertainty has advanced through key “paradoxes,” such as the Ellsberg paradox. We implement Machina’s (2014) three-outcome …
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January 18, 2026 at 12:04 AM
Forthcoming in JBEF: “Testing axiomatizations of ambiguity aversion” by D. L. Chen. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “The Dynamics of Cryptocurrency Market from Behavioral Finance Perspective” by B. Almisshal and H. İ. Bulut. www.sciencedirect.com/science/arti...
The dynamics of cryptocurrency market from behavioral finance perspective
This study constructs a Composite Investor Sentiment Index (CIST) integrating six behavioral and market-based proxies to examine how investor sentimen…
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January 15, 2026 at 6:52 AM
Forthcoming in JBEF: “The Dynamics of Cryptocurrency Market from Behavioral Finance Perspective” by B. Almisshal and H. İ. Bulut. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Financial literacy, robo-advising, and the demand for human financial advice: Evidence from Italy” by D. Aristei and M. Gallo. www.sciencedirect.com/science/arti...
Financial literacy, robo-advising, and the demand for human financial advice: Evidence from Italy
This paper investigates the influence of objective, subjective, and digital financial literacy on individuals’ propensity to utilise online services f…
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January 8, 2026 at 7:05 AM
Forthcoming in JBEF: “Financial literacy, robo-advising, and the demand for human financial advice: Evidence from Italy” by D. Aristei and M. Gallo. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Racial Differences in Expected Stock Market Performance and Stock Ownership” by A. M. Hibbert and S. Yang. www.sciencedirect.com/science/arti...
Racial differences in expected stock market performance and stock ownership
There are significant racial differences in expectations regarding future stock market performance. Using data from the Federal Reserve Bank of New Yo…
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January 1, 2026 at 12:28 PM
Forthcoming in JBEF: “Racial Differences in Expected Stock Market Performance and Stock Ownership” by A. M. Hibbert and S. Yang. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “CEOs, Parenthood, and Corporate Misconduct” by H. Donker, J. Nofsinger, and C. A. Shank. www.sciencedirect.com/science/arti...
CEOs, parenthood, and corporate misconduct
This study examines whether CEOs’ personal experiences as parents influence corporate ethical behavior. Drawing on the female socialization hypothesis…
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December 18, 2025 at 8:54 AM
Forthcoming in JBEF: “CEOs, Parenthood, and Corporate Misconduct” by H. Donker, J. Nofsinger, and C. A. Shank. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Anchoring on safe haven: Russia–Ukraine war effects on the cryptocurrency market” by I. Popova, Y. Liu, and H.-C. Yi. www.sciencedirect.com/science/arti...
Anchoring on safe haven: Russia–Ukraine war effects on the cryptocurrency market
To investigate whether investors display anchoring bias when seeking safe havens during market downturns, we analyze the cryptocurrency market amid th…
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December 15, 2025 at 12:50 AM
Forthcoming in JBEF: “Anchoring on safe haven: Russia–Ukraine war effects on the cryptocurrency market” by I. Popova, Y. Liu, and H.-C. Yi. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Corrigendum to ‘Higher order risk attitudes of financial experts’ [J. Behav. Exp. Finance 34 (2022) 100658]” by A. Bottasso, S. Duchêne, E. Guerci, N. Hanaki, and C. N. Noussair. www.sciencedirect.com/science/arti...
We value authors’ corrections & research quality commitment!
We value authors’ corrections & research quality commitment!
Corrigendum to “Higher order risk attitudes of financial experts” [J. Behav. Exp. Finance 34 (2022) 100658]
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December 10, 2025 at 10:46 AM
Forthcoming in JBEF: “Corrigendum to ‘Higher order risk attitudes of financial experts’ [J. Behav. Exp. Finance 34 (2022) 100658]” by A. Bottasso, S. Duchêne, E. Guerci, N. Hanaki, and C. N. Noussair. www.sciencedirect.com/science/arti...
We value authors’ corrections & research quality commitment!
We value authors’ corrections & research quality commitment!
Forthcoming in JBEF: “Do Aggressive CFOs Borrow Short-term?” by Y. K. Gam, A. Kim, J. Park, and H. Shin. www.sciencedirect.com/science/arti...
Do Aggressive CFOs Borrow Short-term?
We study whether CFOs’ psychological traits affect debt maturity choices. Using facial width-to-height ratio (fWHR) as a proxy for achievement drive, …
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December 4, 2025 at 10:03 AM
Forthcoming in JBEF: “Do Aggressive CFOs Borrow Short-term?” by Y. K. Gam, A. Kim, J. Park, and H. Shin. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China” by H. Su, J. Huang, and L. Chen. www.sciencedirect.com/science/arti...
Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China
This study examines whether and how merchant guilds’ historical traditions affect the stock price crash risk of Chinese firms. Using a comprehensive s…
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November 27, 2025 at 7:39 AM
Forthcoming in JBEF: “Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China” by H. Su, J. Huang, and L. Chen. www.sciencedirect.com/science/arti...
Proud to present JBEF's new logo ✨
A fresh look that reflects clarity, relevance, and forward-thinking spirit.
Many thanks to all contributors and supporters!
A fresh look that reflects clarity, relevance, and forward-thinking spirit.
Many thanks to all contributors and supporters!
November 20, 2025 at 1:07 AM
Proud to present JBEF's new logo ✨
A fresh look that reflects clarity, relevance, and forward-thinking spirit.
Many thanks to all contributors and supporters!
A fresh look that reflects clarity, relevance, and forward-thinking spirit.
Many thanks to all contributors and supporters!
Forthcoming in JBEF: “Conducting Real-Time Interactive Experiments Online: A Guide for Researchers” by S. L. Flecke and S. Bachler. www.sciencedirect.com/science/arti...
Conducting real-time interactive experiments online: A guide for researchers
The COVID-19 pandemic has accelerated the shift towards online behavioral experiments and the increased adoption of crowdsourcing platforms for partic…
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November 6, 2025 at 8:39 AM
Forthcoming in JBEF: “Conducting Real-Time Interactive Experiments Online: A Guide for Researchers” by S. L. Flecke and S. Bachler. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Beyond Performance: Exploring trade-offs in the design of financial algorithms” by A. Gaudeul and C. Giannetti. www.sciencedirect.com/science/arti...
Beyond Performance: Exploring trade-offs in the design of financial algorithms
We investigate the trade-offs involved in encouraging the adoption of stock-trading algorithms. In a three-week artificial stock market experiment, in…
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October 30, 2025 at 8:40 AM
Forthcoming in JBEF: “Beyond Performance: Exploring trade-offs in the design of financial algorithms” by A. Gaudeul and C. Giannetti. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Women’s empowerment through financial literacy in a developed country” by P. Bello, A. Cristini, E. Manzoni, F. Origo, M. Puca, and C. Sturaro. www.sciencedirect.com/science/arti...
Women’s empowerment through financial literacy in a developed country
This paper presents the results of a financial literacy intervention conducted in collaboration with two Italian NGOs supporting women in distress, su…
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October 23, 2025 at 5:43 AM
Forthcoming in JBEF: “Women’s empowerment through financial literacy in a developed country” by P. Bello, A. Cristini, E. Manzoni, F. Origo, M. Puca, and C. Sturaro. www.sciencedirect.com/science/arti...