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And without question, a biological or behavioral explanation for how such a brief treatment can last a decade will have to be found.
Thus, if the behavioral explanation is true, we should expect returns to improve throughout the week.
(2008) for a behavioral explanation of the negative asymmetric return volatility relation.
The results are thus consistent with the prediction of the behavioral explanation of the day-of-the-week effect.
Further support for the behavioral explanation of the day-of-the-week effect is recently provided by Birru (2017).
Dalton et al. (2010) show formally that aspirations can serve as a behavioral explanation of poverty persistence.
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We reject behavioral explanations based on overconfidence and disposition effect.
Social Security claiming patterns, therefore, add to the evidence that behavioral explanations may be needed to explain the annuity puzzle.
First, we divide potential explanations for the energy-efficiency gap into three categories: market failures, behavioral explanations, and model and measurement errors.
We discuss both the behavioral explanations that might underlie these findings as well as some potential approaches to reduce threats to evaluation validity.
We provide suggestive evidence that the spillover has more to do with an information environment, but can ultimately not reject other behavioral explanations such as asymmetric persistence of norms.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com