Christoph Merkle

Kuehne Logistics University

Associate Professor of Finance

Großer Grasbrook 17

Hamburg, 20457

Germany

http://www.the-klu.org

SCHOLARLY PAPERS

11

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CITATIONS
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in Total Papers Citations

8

Scholarly Papers (11)

1.

Emotion and Finance - An Interdisciplinary Approach to the Impact of Emotions on Financial Decision Making

Number of pages: 73 Posted: 24 Feb 2008
Christoph Merkle
Kuehne Logistics University
Downloads 1,423 (8,716)
Citation 1

Abstract:

emotion, rationality, decision making, neuroeconomics, neurofinance, behavioral finance

2.

Financial Overconfidence Over Time - Foresight, Hindsight, and Insight of Investors

Journal of Banking and Finance, 2017, Vol. 84, pp. 68-87. Preprint Version, AFA 2013 San Diego Meetings Paper
Number of pages: 59 Posted: 08 Feb 2012 Last Revised: 31 Aug 2017
Christoph Merkle
Kuehne Logistics University
Downloads 478 (34,956)
Citation 1

Abstract:

Overconfidence, Trading, Diversification, Risk Taking, Expectations, Hindsight

3.

True Overconfidence: The Inability of Rational Information Processing to Account for Apparent Overconfidence

Organizational Behavior and Human Decision Processes, Vol. 116, No. 2, pp. 262-271
Number of pages: 43 Posted: 06 Apr 2009 Last Revised: 08 Feb 2012
Christoph Merkle and Martin Weber
Kuehne Logistics University and University of Mannheim - Department of Banking and Finance
Downloads 399 (55,157)
Citation 2

Abstract:

Overconfidence, Better-than-average effect, Overplacement, Bayesian updating, Belief distribution

4.

Do Investors Put Their Money Where Their Mouth Is? Stock Market Expectations and Investing Behavior

Journal of Banking and Finance, Vol. 46, pp. 372-386.
Number of pages: 46 Posted: 18 Mar 2011 Last Revised: 21 Aug 2014
Christoph Merkle and Martin Weber
Kuehne Logistics University and University of Mannheim - Department of Banking and Finance
Downloads 267 (85,821)
Citation 3

Abstract:

Expectations, Beliefs, Risk, Return, Trading Behavior, Portfolio Choice

Low Risk and High Return – Affective Attitudes and Stock Market Expectations

This is the accepted version of the following article: Kempf, A., Merkle, C. and Niessen-Ruenzi, A. (2014), Low Risk and High Return – Affective Attitudes and Stock Market Expectations. European Financial Management, 20: 995–1030, which has been published in final form at doi: 10.1111/eufm.12001.,
Number of pages: 51 Posted: 11 Feb 2009 Last Revised: 22 Sep 2016
University of Cologne - Department of Finance & Centre for Financial Research (CFR), Kuehne Logistics University and University of Mannheim - Department of Finance
Downloads 264 (96,760)

Abstract:

Emotions, Risk and Return Expectations, Behavioral Finance, Affect Heuristic

Low Risk and High Return – Affective Attitudes and Stock Market Expectations

European Financial Management, Vol. 20, Issue 5, pp. 995-1030, 2014
Number of pages: 36 Posted: 31 Oct 2014
University of Cologne - Department of Finance & Centre for Financial Research (CFR), Kuehne Logistics University and University of Mannheim - Department of Finance
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Abstract:

affective attitudes, risk and return expectations, behavioural finance, affect heuristic

6.

Second-order Beliefs and the Individual Investor

Journal of Economic Behavior and Organization, 2014, Vol. 107(B), pp. 652-666.
Number of pages: 31 Posted: 17 Mar 2010 Last Revised: 17 Dec 2014
Daniel P. Egan, Christoph Merkle and Martin Weber
Betterment.com, Kuehne Logistics University and University of Mannheim - Department of Banking and Finance
Downloads 250 (76,173)
Citation 1

Abstract:

Expectations, Naive Realism, Stock-Market, Second-Order-Beliefs, False Consensus E ffect, Bias Blind Spot, Beauty Contest

7.

Investor Happiness

Journal of Economic Psychology, Vol. 49, pp. 167-186, 2015
Number of pages: 44 Posted: 26 Sep 2013 Last Revised: 18 Jun 2015
Christoph Merkle, Daniel P. Egan and Greg B Davies
Kuehne Logistics University, Betterment.com and University of Oxford - Said Business School
Downloads 214 (89,921)

Abstract:

Happiness, Expectation, Experience, Individual Investors

8.

Fooled by Randomness: Investor Perception of Fund Manager Skill

Review of Finance, 2016, Forthcoming.
Posted: 09 Sep 2014 Last Revised: 17 Feb 2016
Justus Heuer, Christoph Merkle and Martin Weber
University of Mannheim - Finance Area, Kuehne Logistics University and University of Mannheim - Department of Banking and Finance

Abstract:

Mutual Fund Performance, Skill, Luck, Return Chasing, False Discovery

9.

Framing and Retirement Age: The Gap between Willingness-to-Accept and Willingness-to-Pay

Forthcoming in Economic Policy. Version presented at the 64th Panel Meeting of Economic Policy, October 2016.
Number of pages: 69 Posted: 09 Apr 2014 Last Revised: 12 May 2017
Christoph Merkle, Philipp Schreiber and Martin Weber
Kuehne Logistics University, University of Mannheim - Finance Department and University of Mannheim - Department of Banking and Finance
Downloads 57 (199,715)

Abstract:

Retirement Decision, Willigness-to-pay, Willigness-to-accept, Social Security

10.

Financial Loss Aversion Illusion

Number of pages: 64 Posted: 05 Jun 2014 Last Revised: 01 Mar 2017
Christoph Merkle
Kuehne Logistics University
Downloads 54 (176,765)

Abstract:

Loss Aversion, Individual Investors, Expectations, Affective Forecasting, Projection Bias

11.

The Curious Case of Negative Volatility

Number of pages: 36 Posted: 22 Sep 2016 Last Revised: 24 Feb 2017
Christoph Merkle
Kuehne Logistics University
Downloads 0 (229,438)

Abstract:

Risk Perception, Volatility, Overconfidence, Miscalibration, Diversification