Christoph Merkle

Kuehne Logistics University

Associate Professor of Finance

Großer Grasbrook 17

Hamburg, 20457

Germany

http://www.the-klu.org

SCHOLARLY PAPERS

16

DOWNLOADS
Rank 8,273

SSRN RANKINGS

Top 8,273

in Total Papers Downloads

5,391

CITATIONS
Rank 12,785

SSRN RANKINGS

Top 12,785

in Total Papers Citations

41

Scholarly Papers (16)

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 1,618 (10,091)
Citation 4

Abstract:

Loading...

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: 08 Dec 2017
Christoph Merkle
Kuehne Logistics University
Downloads 687 (36,136)
Citation 11

Abstract:

Loading...

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 450 (62,304)
Citation 8

Abstract:

Loading...

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

4.

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 356 (82,215)
Citation 7

Abstract:

Loading...

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

5.

Inconsistent Retirement Timing

Number of pages: 54 Posted: 11 May 2016 Last Revised: 21 Dec 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 346 (85,017)
Citation 1

Abstract:

Loading...

Retirement Timing, Time Preferences, Hyperbolic Discounting, Social Security

6.

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 323 (91,757)
Citation 4

Abstract:

Loading...

Happiness, Expectation, Experience, Individual Investors

7.

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 315 (94,350)
Citation 14

Abstract:

Loading...

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 288 (103,449)

Abstract:

Loading...

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
Downloads 0
Citation 1
  • Add to Cart

Abstract:

Loading...

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

9.

Fooled by Randomness: Investor Perception of Fund Manager Skill

Review of Finance, 2017, Vol. 21, No. 2, pp. 605-635. This is the accepted version of doi: 10.1093/rof/rfw011
Number of pages: 48 Posted: 09 Sep 2014 Last Revised: 02 Apr 2018
Justus Heuer, Christoph Merkle and Martin Weber
University of Mannheim - Finance Area, Kuehne Logistics University and University of Mannheim - Department of Banking and Finance
Downloads 253 (119,233)
Citation 5

Abstract:

Loading...

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

10.

Financial Loss Aversion Illusion

Review of Finance, forthcoming. This is the submitted version of doi: 10.1093/rof/rfz002
Number of pages: 52 Posted: 05 Jun 2014 Last Revised: 03 Feb 2019
Christoph Merkle
Kuehne Logistics University
Downloads 186 (160,210)
Citation 3

Abstract:

Loading...

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

11.

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

Economic Policy, Vol. 32(92), pp. 757-809, 2017, DOI: org/10.1093/epolic/eix014, 64th Panel Meeting of Economic Policy, October 2016
Number of pages: 69 Posted: 09 Apr 2014 Last Revised: 29 Oct 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 149 (194,105)
Citation 5

Abstract:

Loading...

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

12.

The Curious Case of Negative Volatility

Journal of Financial Markets, Vol. 40, pp. 92-108, 2018, DOI: 10.1016/j.finmar.2017.11.001
Number of pages: 36 Posted: 22 Sep 2016 Last Revised: 21 Oct 2018
Christoph Merkle
Kuehne Logistics University
Downloads 133 (212,663)
Citation 2

Abstract:

Loading...

Risk Perception, Volatility, Overconfidence, Miscalibration, Diversification

13.

Closing a Mental Account: The Realization Effect for Gains and Losses

Number of pages: 62 Posted: 17 Jun 2018 Last Revised: 14 Apr 2019
Christoph Merkle, Jan Müller-Dethard and Martin Weber
Kuehne Logistics University, University of Mannheim and University of Mannheim - Department of Banking and Finance
Downloads 107 (249,917)
Citation 1

Abstract:

Loading...

Realization Effect, Mental Accounting, House Money Effect, Risk Taking

14.

Algorithm Aversion in Financial Investing

Number of pages: 56 Posted: 24 Apr 2019
Maximilian Germann and Christoph Merkle
University of Mannheim - Department of Banking and Finance and Kuehne Logistics University
Downloads 85 (290,424)
Citation 1

Abstract:

Loading...

Algorithm Aversion, Financial Technology, Asset Management, Delegated Investment

The Effect of CEO Extraversion on Analyst Forecasts: Stereotypes and Similarity Bias

The Financial Review, 2019, Vol. 54, No. 1, pp. 133-164, doi.org/10.1111/fire.12173
Number of pages: 57 Posted: 07 Jun 2017 Last Revised: 10 Jan 2019
Jochen Becker, Josip Medjedovic and Christoph Merkle
German Graduate School of Management and Law, German Graduate School of Management and Law and Kuehne Logistics University
Downloads 83 (297,308)

Abstract:

Loading...

Financial analyst, CEO personality, nonfinancial information, stereotyping heuristic, similarity bias, extraversion

The Effect of CEO Extraversion on Analyst Forecasts: Stereotypes and Similarity Bias

Financial Review, Vol. 54, Issue 1, pp. 133-164, 2019
Number of pages: 32 Posted: 08 Jan 2019
Jochen Becker, Josip Medjedovic and Christoph Merkle
German Graduate School of Management and Law, German Graduate School of Management and Law and Kuehne Logistics University
Downloads 1 (675,099)
  • Add to Cart

Abstract:

Loading...

financial analyst, CEO personality, nonfinancial information, stereotyping heuristic, similarity bias, extraversion

16.

Earn More Tomorrow: Overconfident Income Expectations and Consumer Indebtedness

SFB Rationality & Competition, Discussion Paper No. 152
Number of pages: 89 Posted: 24 Apr 2019
German Institute for Economic Research (DIW Berlin), German Institute for Economic Research (DIW Berlin), Kuehne Logistics University and German Institute for Economic Research (DIW Berlin)
Downloads 11 (567,912)

Abstract:

Loading...

Debt, Consumption, Borrowing, Overconfidence, Income Expectations