Thomas Langer

University of Muenster - Finance Center

Professor

Universitatsstr. 14-16

Muenster, 48143

Germany

SCHOLARLY PAPERS

24

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Top 3,474

in Total Papers Downloads

13,579

SSRN CITATIONS
Rank 12,797

SSRN RANKINGS

Top 12,797

in Total Papers Citations

37

CROSSREF CITATIONS

57

Scholarly Papers (24)

Profitable Momentum Trading Strategies for Individual Investors

Foltice, B. & Langer, T. (2015) Profitable momentum trading strategies for individual investors. Financial Markets and Portfolio Management, 29(2), 85-113.
Number of pages: 32 Posted: 08 Apr 2014 Last Revised: 30 Apr 2015
Bryan Foltice and Thomas Langer
Butler University - Lacy School of Business and University of Muenster - Finance Center
Downloads 5,766 (1,559)
Citation 1

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Momentum Investing, Personal Finance, Portfolio Management

Profitable Momentum Trading Strategies for Individual Investors

Financial Markets and Portfolio Management, 29(2), 85-113.
Number of pages: 32 Posted: 08 Apr 2014
Bryan Foltice and Thomas Langer
Butler University - Lacy School of Business and University of Muenster - Finance Center
Downloads 182 (202,742)
Citation 2

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Momentum Investing, Personal Finance, Portfolio Management

2.

True Overconfidence in Interval Estimates: Evidence Based on a New Measure of Miscalibration

Journal of Behavioral Decision Making, Forthcoming
Number of pages: 36 Posted: 03 May 2005 Last Revised: 26 Jun 2012
Markus Glaser, Martin Weber and Thomas Langer
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), University of Mannheim - Department of Banking and Finance and University of Muenster - Finance Center
Downloads 1,968 (9,772)
Citation 11

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overconfidence, miscalibration, judgment biases, individual differences, reliability, expert judgment, interval estimates

3.

Scale Dependence of Overconfidence in Stock Market Volatility Forecasts

Number of pages: 9 Posted: 27 Jun 2007
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), University of Mannheim - Department of Banking and Finance, University of Muenster - Finance Center and Siemens Management Consulting
Downloads 1,040 (26,129)
Citation 2

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Volatility forecast, confidence interval, individual investor, overconfidence

Framing Effects in Stock Market Forecasts: The Difference between Asking for Prices and Asking for Returns

AFA 2007 Chicago Meetings Paper
Number of pages: 40 Posted: 10 Nov 2005
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), University of Mannheim - Department of Banking and Finance, University of Muenster - Finance Center and Siemens Management Consulting
Downloads 999 (27,294)
Citation 7

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Return forecast, volatility forecast, confidence interval, individual investor, overconfidence, expertise, financial education, financial literacy, framing effect, investor surveys

Framing Effects in Stock Market Forecasts: The Difference between Asking for Prices and Asking for Returns

Review of Finance, Vol. 11, pp. 325-357, 2007
Posted: 13 Jun 2007
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), University of Mannheim - Department of Banking and Finance, University of Muenster - Finance Center and Siemens Management Consulting

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Return forecast, volatility forecast, confidence interval, individual investor, overconfidence, expertise, financial education, financial literacy, framing effect, investor surveys

On the Trend Recognition and Forecasting Ability of Professional Traders

Number of pages: 49 Posted: 18 Jun 2007 Last Revised: 21 Jan 2008
Markus Glaser, Martin Weber and Thomas Langer
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), University of Mannheim - Department of Banking and Finance and University of Muenster - Finance Center
Downloads 631 (51,272)
Citation 2

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trend recognition, forecasting, conservatism, overconfidence, professionals, financial modeling

On the Trend Recognition and Forecasting Ability of Professional Traders

Number of pages: 34 Posted: 27 Jun 2003
Markus Glaser, Martin Weber and Thomas Langer
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), University of Mannheim - Department of Banking and Finance and University of Muenster - Finance Center
Downloads 32 (565,911)
Citation 1
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Trend recognition, forecasting, conservatism, overconfidence, professionals, financial modelling

On the Trend Recognition and Forecasting Ability of Professional Traders

Decision Analysis, Vol. 4, No. 4, pp. 176-193, 2007
Posted: 16 Jan 2008
Markus Glaser, Martin Weber and Thomas Langer
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), University of Mannheim - Department of Banking and Finance and University of Muenster - Finance Center

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trend recognition, forecasting, conservatism, overconfidence, professionals, financial modeling

6.

Do Changes in Reporting Frequency Really Influence Investors’ Risk Taking Behavior? Myopic Loss Aversion Revisited

Number of pages: 29 Posted: 20 Mar 2011 Last Revised: 18 Jun 2014
Stefan Zeisberger, Thomas Langer and Martin Weber
Radboud University, Institute for Management Research, University of Muenster - Finance Center and University of Mannheim - Department of Banking and Finance
Downloads 505 (68,719)

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myopic loss aversion, Prospect Theory, repeated investing, experimental economics

Why the Google IPO Might Stay Exotic - An Experimental Analysis of Offering Mechanisms

Published as: Trauten, A., Langer, T. (2012): Information production and bidding in IPOs - An experimental analysis of auctions and fixed-price offerings, Zeitschrift für Betriebswirtschaft, Vol. 82, No.4, 361-388.
Number of pages: 54 Posted: 26 Mar 2008 Last Revised: 27 Aug 2013
Andreas Trauten and Thomas Langer
University of Muenster - Finance Center and University of Muenster - Finance Center
Downloads 206 (181,139)
Citation 2

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Initial Public Offerings, IPO auctions, fixed-price offerings, endogenous entry, experimental finance

Why the Google IPO Might Stay Exotic - An Experimental Analysis of Offering Mechanisms

Number of pages: 43 Posted: 27 Jul 2007
Andreas Trauten and Thomas Langer
University of Muenster - Finance Center and University of Muenster - Finance Center
Downloads 202 (184,528)

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Initial Public Offerings, offering mechanisms, IPO auctions, fixed-price offerings, coordination, endogenous entry, experimental finance

8.

Measuring the Time Stability of Prospect Theory Preferences

Theory and Decision, Vol. 72, 359-386, 2012
Number of pages: 25 Posted: 07 Oct 2009 Last Revised: 24 Jan 2013
Stefan Zeisberger, Dennis Vrecko and Thomas Langer
Radboud University, Institute for Management Research, University of Muenster - Finance Center Muenster and University of Muenster - Finance Center
Downloads 373 (98,357)
Citation 2

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Prospect Theory, time stability, risk preferences, experimental economics

9.

Why Does Myopia Decrease the Willingness to Invest? Is it Myopic Loss Aversion or Myopic Loss Probability Aversion?

Theory and Decision, Vol. 72, pp, 35-50, 2012
Number of pages: 21 Posted: 11 Nov 2009 Last Revised: 28 Nov 2011
Stefan Zeisberger, Thomas Langer and Martin Weber
Radboud University, Institute for Management Research, University of Muenster - Finance Center and University of Mannheim - Department of Banking and Finance
Downloads 295 (127,160)
Citation 1

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myopic loss aversion, Prospect Theory, repeated investing, experimental economics

10.

Do Long-Term Investors Care About Inflation?

Number of pages: 20 Posted: 06 Feb 2010
Dennis Vrecko and Thomas Langer
University of Muenster - Finance Center Muenster and University of Muenster - Finance Center
Downloads 213 (175,750)

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decision analysis, distribution builder, experimental economics, money illusion, inflation

11.

Partition-Dependent Framing Effects in Lab and Field Prediction Markets

A later version of this working paper has been published under the title: "How psychological framing affects economic market prices in the lab and field" in Proceedings of the National Academy of Sciences (PNAS) - published ahead of print July 1, 2013 doi:10.1073/pnas.1206326110
Number of pages: 67 Posted: 03 Mar 2008 Last Revised: 15 Sep 2013
University of Muenster - Finance Center Muenster, California Institute of Technology - Division of the Humanities and Social Sciences, University of California, Los Angeles (UCLA) - Anderson School of Management and University of Muenster - Finance Center
Downloads 202 (184,707)
Citation 9

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prediction markets, framing efforts

12.

Biases in Allocation Under Risk and Uncertainty: Partition Dependence, Unit Dependence, and Procedure Dependence

Number of pages: 37 Posted: 19 Jul 2005
Craig R. Fox and Thomas Langer
University of California, Los Angeles (UCLA) - Anderson School of Management and University of Muenster - Finance Center
Downloads 166 (219,454)

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Risk, uncertainty, allocation, diversification, investment, bias

13.

How General is the Strength-Weight Bias in Probability Updating?

Number of pages: 59 Posted: 13 Jul 2020
Maren Baars, Thomas Langer and Hannes Mohrschladt
University of Muenster - Finance Center, University of Muenster - Finance Center and University of Muenster - Finance Center
Downloads 158 (228,828)

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Information Weight, Over- and Underinference, Judgment Biases

14.

What are Investors Willing to Pay to Customize Their Investment Product?

Number of pages: 24 Posted: 23 Dec 2009
Dennis Vrecko and Thomas Langer
University of Muenster - Finance Center Muenster and University of Muenster - Finance Center
Downloads 135 (259,908)
Citation 3

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decision analysis, distribution builder, experimental economics, presentation formats, prospect theory

15.

In Equations We Trust? Formula Learning Effects on the Exponential Growth Bias in Household Finance Decisions

Decision Analysis, 14(3), 170-186, 2017
Number of pages: 42 Posted: 02 Apr 2014 Last Revised: 10 Mar 2018
Bryan Foltice and Thomas Langer
Butler University - Lacy School of Business and University of Muenster - Finance Center
Downloads 133 (262,860)
Citation 3

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Behavioral Finance, Exponential Growth Bias, Amortization Bias, Financial Decision Making

16.

The Benefits and Obstacles of Internet-Based Commercial Paper Issuance in Europe - A Survey

Number of pages: 41 Posted: 02 Mar 2007
Andreas Trauten and Thomas Langer
University of Muenster - Finance Center and University of Muenster - Finance Center
Downloads 112 (297,879)

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Commercial Paper, European money markets, security issuance, internet platforms, survey

17.

Misperception of Exponential Growth: Are People Aware of their Errors?

Decision Analysis, Forthcoming
Number of pages: 38 Posted: 11 Mar 2018 Last Revised: 03 Jul 2019
Henning Cordes, Bryan Foltice and Thomas Langer
University of Muenster - Finance Center, Butler University - Lacy School of Business and University of Muenster - Finance Center
Downloads 101 (319,703)
Citation 3

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Exponential growth bias; Overconfidence; Bias awareness

18.

Exponential Growth Bias Matters: Evidence and Implications for Financial Decision Making of College Students in the U.S.A.

Journal of Behavioral and Experimental Finance, 19(2018), 56-63
Number of pages: 43 Posted: 27 Jun 2015 Last Revised: 04 Oct 2018
Bryan Foltice and Thomas Langer
Butler University - Lacy School of Business and University of Muenster - Finance Center
Downloads 79 (372,266)
Citation 2

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Exponential growth bias, household finance, amortization bias

19.

An Experimental Analysis of Annuity Aversion the Role of Framing and Uncertainty

Number of pages: 34 Posted: 23 Nov 2016
Sven Nolte and Thomas Langer
Institute for Management Research, Radboud University Nijmegen and University of Muenster - Finance Center
Downloads 59 (434,724)
Citation 1

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Annuity Aversion, Experimental Economics, Longevity Risk, Lifetime Uncertainty

20.

Does Binding of Feedback Influence Myopic Loss Aversion? An Experimental Analysis

Number of pages: 21 Posted: 02 Dec 2003
Martin Weber and Thomas Langer
University of Mannheim - Department of Banking and Finance and University of Muenster - Finance Center
Downloads 22 (613,920)
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Intertemporal decision-making, myopic loss aversion, feedback frequency, length of commitment, evaluation period

21.

Can Prospect Theory Be Used to Predict an Investor's Willingness to Pay?

Journal of Banking and Finance, Vol. 37, No. 6, 2013
Posted: 20 Feb 2012 Last Revised: 19 May 2013
Carsten Erner, Alexander Klos and Thomas Langer
affiliation not provided to SSRN, University of Kiel - Institute for Quantitative Business and Economics Research (QBER) and University of Muenster - Finance Center

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Cumulative prospect theory, Preference elicitation, Retail investor, Behavioral finance, Structured financial product

22.

Business Credit Information Sharing and Default Risk of Private Firms

Journal of Banking and Finance, Vol. 37, 2867-2878, Forthcoming
Posted: 13 Nov 2011 Last Revised: 27 Aug 2013
Maik Dierkes, Carsten Erner, Thomas Langer and Lars Norden
Leibniz University Hannover, affiliation not provided to SSRN, University of Muenster - Finance Center and Getulio Vargas Foundation (FGV) - Brazilian School of Public and Business Administration (EBAPE)

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credit risk, asymmetric information, credit bureau, hard and soft information, private firms

23.

A Note on Myopic Loss Aversion and the Equity Premium Puzzle

Finance Research Letters, Vol. 4, No. 2, pp. 127-136, 2007
Posted: 30 Oct 2009
Stefan Zeisberger, Thomas Langer and Mark M. Trede
Radboud University, Institute for Management Research, University of Muenster - Finance Center and University of Muenster - Faculty of Economics

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Equity premium, Prospect theory

24.

Does Commitment or Feedback Influence Myopic Loss Aversion? An Experimental Analysis

Journal of Economic Behavior and Organization, Vol. 67, pp. 810-819, 2008
Posted: 23 Aug 2008
Thomas Langer and Martin Weber
University of Muenster - Finance Center and University of Mannheim - Department of Banking and Finance

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Intertemporal decision making; Myopic loss aversion; Feedback frequency; Length of commitment; Evaluation period