UoL

Dr Doron Sonsino

Dr Doron Sonsino

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About Dr Doron Sonsino

Professor
School’s Dean Economics Director PhD

 
EXPERTISE

My general field of research is experimental and behavioral economics. In recent years, I specifically study the financial decision of professional and private investors using field experiments or surveys. The participants make predictions on future returns and take long or short investment positions, and their performance is evaluated in light of formal choice models and hypotheses stemming from psychology research.

SHORT BIO

I am the Dean of the School of Economics and Finance at UoL. I have a BA in Economics and Accounting, and an MSc in Operations Research (with excellence) from Tel-Aviv University. My PhD in Business Economics is from Stanford University in California (1995). In my early career, I also worked as a financial journalist covering the Israeli financial markets.

Personal Information

  • Name Doron Sonsino
  • Address Nicosia Campus: 21 Glafkou Clerides Avenue, 2107 Aglantzia Nicosia, Cyprus
  • Email doron@uol.ac.cy
  • Phone +357 22462204

Publications

A. Refereed papers in professional journals

  1. 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
  2. Sonsino Doron, Lahav Yaron, and Roth Yefim (2022). “Reaching for returns in retail structured investment.” Management Science, 68(1), 466-486.
  3. Erev Ido, Roth, Yefim, and Sonsino Doron (2022). “Decisions from valuations of unknown payoff distributions.” Decision, 9(2), 172. 4. 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
  4. 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
  5. Sonsino, Doron, Rosenboim Mosi and Shavit Tal (2017). “The valuation by tranche of composite investment instruments.” Theory and Decision, 82, 353-393.
  6. Erev Ido, Gilat-Yihyie Sharon, Marchiori Davide and Doron Sonsino (2015). “On loss
  7. aversion, level-1 reasoning, and betting.” International Journal of Game Theory, 44(1), 113-133.
  8. Weinstock Eyal and Sonsino Doron (2014). “Are risk-seekers more optimistic? non-parametric approach.” Journal of Economic Behavior and Organization, 108, 236-251
  9. Sonsino Doron and Shavit Tal (2014). “Short-run arbitrage in crisis markets – a field experiment.” Annals of Financial Economics, 9(1), 1450004
  10. 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
  11. 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.
  12. Sonsino Doron and Regev Eran (2013). “Informational overconfidence in return prediction – more properties.” Journal of Economic Psychology, Vol. 39, 72-84.
  13. Sonsino Doron (2011). “A note on negativity bias and asymmetric framing response.” Theory and Decision, Vol. 71, No. 2, 235-250.
  14. Sonsino Doron (2010). “The irrelevant menu effect on valuation.” Experimental Economics, Vol. 13, No. 3, 309-333.
  15. Kallir Ido and Sonsino Doron (2009). “The neglect of correlation in allocation decisions.” Southern Economic Journal, Vol. 75, No. 4, 1045-1066.
  16. Sonsino Doron (2008). “Disappointment aversion in Internet bidding decisions.” Theory and Decision, Vol. 64, No.2, 363-393.
  17. 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.
  18. Eden Yoram and Sonsino Doron (2006). “Probability weighting in damage-claiming decisions.” Journal of Insurance Issues, Vol. 29, No. 2, 179-192.
  19. Sonsino Doron and Ivanova-Stenzel Radosveta (2006). “Experimental internet auctions with random information retrieval.” Experimental Economics, Vol. 9, No 4, 323-341.
  20. 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.
  21. 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.
  22. Sonsino Doron and Sirota Julia (2003). “Strategic pattern recognition – experimental evidence.” Games and Economic Behavior, Vol. 44, No. 2, 390-411.
  23. 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.
  24. 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.
  25. 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.
  26. 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.
  27. 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.
  28. 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.
  29. Sonsino Doron (2000). “A lemma on proximity of variances and expectations.” ESAIM: Probability and Statistics, Vol. 4, 229-231.
  30. 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.
  31. Peretz Hovav and Sonsino Doron (1999). “On preplay negotiation and zero-sum betting.” International Game Theory Review, Vol. 1, No. 2, 192-196.
  32. Sonsino Doron (1998). “Geanakoplos and Sebenius model with noise.” International Journal of Game Theory, Vol. 27, 111-130.
  33. Sonsino Doron (1997). “Learning to learn, pattern recognition, and Nash equilibrium.” Games and Economic Behavior, Vol. 18, 286-331.
  34. Sonsino Doron (1995). “Impossibility of speculation theorems with noisy information.” Games and Economic Behavior, Vol. 8, 406-423.

  35. Sonsino Doron and Yefim Roth (2024). “The Decrease in Confidence with Forecast Extremity.”
    Forthcoming, International Journal of Forecasting

  36. Jansson Magnus, Patrik Michaelsen, Doron Sonsino, Tommy Gärling (2024). “Non-Professional versus professional investors’ trust in financial analysts’ recommendations and influences on investments.”  Review of Behavioral Finance

B. Chapters in books

  1. 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.
  2. 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.
  3. 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.

Projects

  • Handelsbankens Research Foundation and Jan Wallander and Tom Hedelius Foundation. Project number: P19-0183. Title: The stock market’s confidence in financial analysts’ recommendations Researchers: Magnus Jansson, Patrick Michaelsen, Doron Sonsino, Tommy Gärling,

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