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Author:Gregan-Paxton, J.
Cote, J.
Title:How do investors make predictions? Insights from Analogical reasoning research
Journal:Journal of Behavioral Decision Making
2000 : JUL-SEP, VOL. 13:3, p. 307-328
Index terms:DECISION MAKING
PREDICTION THEORY
INVESTMENT
Language:eng
Abstract:Previous work on investor decision making has focused almost exclusively on information specific to the company being judged. Consequently, every decision is viewed as a novel event, disconnected from the investor's existing knowledge. In this study, the analogical reasoning literature provides the theoretical support for arguing that investors frequently utilize existing knowledge as a basis for generating predictions about a company's future.
SCIMA record nr: 215531
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