Doron Sonsino

research homepage

Welcome to my research homepage

Starting on 01/01/2022, I joined Cyprus International Institute of Management (CIIM) that has been accredited to become the University of Limassol (UoL:: https://www.uol.ac.cy/ ) on 01/09/2023.

I am currently the Dean of the Social Sciences and Humanities School of UoL.

CIIM (the predecessor of UoL) was a graduate school offering MBA and diverse graduate programs since 1990 in Nicosia and Limassol

My university email address is doron@UoL.ac.cy and my vita is linked at the bottom of this page.

The remaining of this page presents my main papers ordered by topic, with links to selected papers.

Competence, Confidence and overconfidence in financial decision

Sonsino, Doron, Michaelsen Patrik, Gärling Tommy and Jansson, Magnus (2024). The sober outlook of competent investors: A framed-field experiment in volatile markets

Sonsino, Doron and Yefim Roth (2024). The decrease in confidence with forecast extremity. Forthcoming, International Journal of Forecasting

Sonsino Doron, Lahav Yaron, and Levkowitz Amir (2021). “The conflicting links between forecast-confidence and stock trading propensity.” Journal of Behavioral Finance, 22(4), 443-460

Sonsino, D., Lahav, Y., and Levkowitz, A. (2021). “Separating accuracy from forecast certainty: a modified miscalibration measure.” In Behavioral Finance: A Novel Approach, edited by Itzhak Venezia. World Scientific Publiahing, pp. 283-301.

Sonsino Doron and Regev Eran (2013). “Informational overconfidence in return prediction – more properties.” Journal of Economic Psychology, Vol. 39, 72-84.

Retail investors’ preferences over structured products

Sonsino Doron, Lahav Yaron, and Roth Yefim (2022). “Reaching for returns in retail structured investment.” Management Science, 68(1), 466-486.

Sonsino Doron, Yaron Lahav and Yefim Roth (2022). “Stated risk preference predicts risk appetite in structured investment.” Published in Handbook of Experimental Finance, edited by Ernan Haruvy and Sascha Füllbrunn. Edward Elgar Publishing, pp. 414-422.

Lazar Maya, Amit Oren, Levkowitz Amir and Sonsino Doron (2017). “A note on receptiveness to loss in structured investment.” Journal of Behavioral and Experimental Economics, 69, 92-98

Sonsino, Doron, Rosenboim Mosi and Shavit Tal (2017). “The valuation by tranche of composite investment instruments.” Theory and Decision, 82, 353-393.

Decision and choice experiments

Doron Sonsino, Max Shifrin & Eyal Lahav (2023). “Gender differences in the stability of trust and risk-taking.”

Journal of Trust Research, 13:2, 223-251

Weinstock Eyal and Sonsino Doron (2014). “Are risk-seekers more optimistic? non-parametric approach.” Journal of Economic Behavior and Organization, 108, 236-251

Sonsino Doron (2011). “A note on negativity bias and asymmetric framing response.” Theory and Decision, Vol. 71, No. 2, 235-250.

Sonsino Doron (2010). “The irrelevant menu effect on valuation.” Experimental Economics, Vol. 13, No. 3, 309-333

Kallir Ido and Sonsino Doron (2009). “The neglect of correlation in allocation decisions.” Southern Economic Journal, Vol. 75, No. 4, 1045-1066.

Sonsino Doron (2008). “Disappointment aversion in Internet bidding decisions.” Theory and Decision, Vol. 64, No.2, 363-393.

Eden Yoram and Sonsino Doron (2006). “Probability weighting in damage-claiming decisions.” Journal of Insurance Issues, Vol. 29, No. 2, 179-192.

Sonsino Doron, Ben-Zion Uri and Mador Galit (2002). “The complexity effects on choice with uncertainty – experimental evidence.” The Economic Journal, Vol. 112, No. 482, 936-965.

Sonsino Doron and Mandelbaum Marvin (2001). “On preference for flexibility and complexity aversion – experimental evidence.” Theory and Decision, Vol. 51, No. 2-4, 197-216.

Framed-field financial decision experiments

Sonsino Doron and Shavit Tal (2014). "Short-run arbitrage in crisis markets – a field experiment." Annals of Financial Economics, 9(1)

Sonsino Doron and Shavit Tal (2014). “Optimistic, but selling riskier stocks – an arbitrage field experiment in crisis markets.” Journal of Behavioral and Experimental Finance, Vol. 1, 61-73

Sonsino Doron and Shavit Tal (2014). “Return prediction and stock selection from unidentified historical data – experimental evidence.” Quantitative Finance, Vol. 14, No. 4, 641-656.

Learning and impossibility of trading

Erev Ido, Roth, Yefim, and Sonsino Doron (2022). “Decisions from valuations of unknown payoff distributions.” Decision, 9(2), 172.

Erev Ido, Gilat-Yihyie Sharon, Marchiori Davide and Doron Sonsino (2015). “On

loss aversion, level-1 reasoning, and betting.” International Journal of Game

Theory, 44(1), 113-133.

Sonsino Doron and Ivanova-Stenzel Radosveta (2006). “Experimental internet auctions with random information retrieval.” Experimental Economics, Vol. 9, No 4, 323-341.

Sonsino Doron and Sirota Julia (2003). “Strategic pattern recognition – experimental evidence.” Games and Economic Behavior, Vol. 44, No. 2, 390-411.

Haruvy Ernan, Erev Ido and Sonsino Doron (2001). “The medium prizes paradox: evidence from a simulated casino.” Journal of Risk and Uncertainty, Vol. 22, No. 3, 251-261

Sonsino Doron (1997). “Learning to learn, pattern recognition, and Nash equilibrium.” Games and Economic Behavior, Vol. 18, 286-331

Sonsino Doron (1998). “Geanakoplos and Sebenius model with noise.” International Journal of Game Theory, Vol. 27, 111-130

Sonsino Doron (1995). “Impossibility of speculation theorems with noisy information.” Games and Economic Behavior, Vol. 8, 406-423

Studies of Finance professionals

Magnus Jansson, Patrik Michaelsen, Doron Sonsino, and Tommy Gärling (2024). “Non Professional Versus Professional Investors’ Trust in Financial Analysts’ Recommendations and Their Influences on Investments”. Forthcoming, Review of Beahvioural Finance

Jansson, Magnus., Hemlin, Sven, Sonsino, Doron, and Trönnberg, Christian (2021). “Investment beliefs and portfolio risk-taking - a comparison between Industry professionals and non-professionals.” Published in Behavioral Finance: A Novel Approach, edited by Itzhak Venezia. World Scientific Publiahing, pp. 239-266.

Diverse topics

Fišar, M., Greiner, B., Huber, C., Katok, E., Ozkes, A., and the Management ScienceReproducibility Collaboration (2023). “Reproducibility in Management Science.” Forthcoming, Management Science. Note: Member of the Management Science Reproducibility Collaboration.

Sonsino, D and Roth, Y. (2024). "A note on the extremity of returns and contempranuous volatilities". Working paper.

Charness Gary, Haruvy Ernan and Sonsino Doron (2007). “Social distance and reciprocity: an Internet experiment.” Journal of Economic Behavior and Organization, Vol. 63, No. 1, 88-103.

Ivanova-Stenzel Radosveta and Sonsino Doron (2004). “Comparative study of one-bid versus two-bid auctions.” Journal of Economic Behavior and Organizations, Vol. 54, No 4., 109-131.

Kliger Doron, Ori Levy and Sonsino Doron (2003). “On absolute and relative performance and the demand for mutual funds.” Journal of Economic Behavior and Organization, Vol. 52, No. 3, 341-363.

Shavit Tal, Sonsino Doron and Ben-Zion Uri (2002). “On the evaluation of lotteries and options – an experimental study.” Journal of Behavioral Finance, Vol 3, No. 3, 168-181.

Shavit Tal, Sonsino Doron and Ben-Zion Uri (2001). “A comparative study of lotteries evaluation in class and on the Web.” Journal of Economic Psychology, Vol. 22, No. 4, 483-491.

Anderhub Vital, Gneezy Uri, Güth Werner and Sonsino Doron (2001). “On the interaction of risk and time preferences – an experimental study.” German Economic Review, Vol. 2, No. 3, 239-253.

Sonsino Doron (2000). “A lemma on proximity of variances and expectations.” ESAIM: Probability and Statistics, Vol. 4, 229-231

Mador Galit, Sonsino Doron and Ben-Zion Uri (2000). “On complexity and lotteries’ evaluation – three experimental observations.” Journal of Economic Psychology, Vol. 21, No. 6, 625-637.

Peretz Hovav and Sonsino Doron (1999). “On preplay negotiation and zero-sum betting.” International Game Theory Review, Vol. 1, No. 2, 192-196.

Link to curriculum vita