How do Investors Judge the Risk of Financial Items

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Fifty-Year Overview of Judgment and Decision-Making Research in Accounting (2011, unknown): “Libby and Trotman (1993) suggest a particular source of gain based on differences between preparers and reviewers in terms of the point at which they enter the judgment process which means preparers have incentives to justify their position while reviewers have incentives to question the judgment.”
Required Disclosures in Financial Reports (2007, background): “students with business and investing experience (e.g., Maines and McDaniel 2000; Koonce et al. 2005), nonspecialist buy-side analysts (Hirst and Hopkins 1998), and buy-side analysts with specific expertise in the disclosure being examined (Hirst et al.”
Comprehensive Income: Who's Afraid of Performance Reporting? (2010, unknown): “Koonce et al. (2005) also show that financial statement users perceive uncontrollable items as increasing 9 Hirst et al. (2004) find that even financial analysts with industry experience distinguish banks’ exposure to interest-rate risk only when unrealized gains and losses from all the bank’s…”
Textual risk disclosures and investors’ risk perceptions (2013, unknown): “The literature on prospect theory predicts and documents that individuals react to prospects of losses asymmetrically (Kahneman and Tversky 1979; Koonce et al. 2005).”