Prof. Doron Sonsino

Office Address:


Department of Economics
Ben-Gurion University of the Negev
P.O. Box 653
Beer-Sheva 84105, Israel






Research Interests | General Information | Publications


Research Interests


General Information


·   Ph. D. 1995. Stanford Business School.

·   Ms. C (with excellence). Faculty of Management. Tel-Aviv University.

·   B.A. Economics and accounting. Tel-Aviv University.



Academic Appointments

·   2018. Adjunct associate professor. Economics department.

Ben-Gurion University. Head of Finance Studies, The Center for Academic Studies, Or-Yehuda, Israel. 

·   2003-2017. Faculty member. School of Business.

College of Management Academic studies.


·   1996-2003. Faculty member. Faculty of industrial engineering and management. Technion.


Scientific Publications and selected working papers

Sonsino, Doron, Lahav, Yaron, Roth, Yefim. "Reaching for returns in retail structured investment." Web Supplements. Forthcoming, Management Science. Data and codes would be provided on request.


Sonsino, Doron, Lahav Yaron, Roth, Amir. "Risk Receptiveness Statements Correlate with an Appetite for Risk in Structured Investment." Web supplements. Data and codes would be provided on request.


Sonsino Doron, Lahav Yaron, Levkowitz Amir. "The conflicting links between forecast certainty and trading propensity". Web SupplementsData. SAS codes and data files would be provided on request. Forthcoming, Journal of Behavioral Finance.


Sonsino Doron, Shifrin Max, Lahav Eyal. "Trust Is more Stable than Parallel Risk

Taking, and It Is Especially Stable for Females". Web SupplementsData. 


Magnus Jansson, Sven Hemlin, Doron Sonsino, Carl-Christian Trönnberg. "Investment beliefs and portfolio risk-taking – a comparison between industry professionals and non-professionals," in Venezia, I. (Ed.) Behavioral Finance: Novel Approach, Forthcoming 2020, World Scientific Published, London.


Sonsino Doron, Lahav Yaron, Levkowitz Amir. "Separating accuracy from forecast certainty: A modified miscalibration measure," in Venezia, I. (Ed.) Behavioral Finance: Novel Approach, Forthcoming 2020, World Scientific Published, London.

Web Supplements. Data files would be provided on request.


Lazar Maya, Levkowitz Amir, Oren Amit, Doron Sonsino. "Receptiveness to loss in structured investment: A brief Web-survey experiment". Web Supplements. Data. Journal of Behavioral and Experimental Economics, 69, 2017, 92-98. 


Sonsino Doron, Rosenboim Mosi, Shavit Tal. "The valuation 'by tranche' of composite investment instruments". Web SupplementsTheory and Decision, 82, 2017, 353-393.


Erev IdoGilat-Yihyie Sharon, Marchiori Davide and Sonsino Doron, "On loss aversion, level-1 reasoning and betting," International Journal of Game Theory, 44(1), 2015, 113-133


Weinstock, Eyal and Sonsino, Doron. “Are Risk-seekers more optimistic? Non-parametric approach.” Web supplements. Journal of Economic Behavior and Organization, 108, 2014, 236-251 


Sonsino, Doron and Shavit, Tal. "Optimistic, but selling riskier stocks – An arbitrage experiment in crisis market." Supplements and translated script. Data. Journal of Behavioral and Experimental Finance, vol. 1, 2014, 61-73


Sonsino, Doron and Shavit, Tal. "Short-run arbitrage in crisis markets- experimental evidence." Web supplements. Data. Annals of Financial Economics, Vol. 9, 2014, 1-60


Sonsino, Doron and Shavit, Tal. “Return prediction and stock selection from unidentified historical data – Experimental evidenceWeb supplements. Data and SAS codes would be provided on request. Quantitative Finance, 14(4), 2014, 641-655.


Sonsino, Doron and Regev, Eran. “Informational overconfidence in return prediction – More properties.” Web supplements. Journal of Economic Psychology, 39, 2013, 72-84.


Sonsino, Doron. “A note on negativity bias and framing response asymmetry.” Web supplement.  Theory and Decision, 71(2), 2011, 235-250.


Sonsino, Doron. “The irrelevant-menu affect on valuation.” Web supplement. Experimental Economics, 11(3), 2010, 309-333.


Kallir Ido and Sonsino Doron. "The neglect of correlation in allocation decision." Southern Economic Journal, 75(4), 2009, 1045-1066


Sonsino, Doron. "Disappointment aversion in Internet bidding decisions." Theory and Decision, 64(2-3), 2008, 363-393


Eden Yoram and Sonsino Doron. "Probability weighting in damage-claiming decisions." Journal of Insurance Issues, 29(2), 2006, 179-192.


Charness Gary, Haruvy Ernan and Sonsino Doron. “Social distance and reciprocity: An Internet experiment.” Journal of Economic Behavior and Organizations, 63(1), 2007, 88-103.


Sonsino Doron and Ivanova-Stenzel Radosveta. "Experimental Internet-auctions with random information retrieval." Experimental Economics, 9(4), 2006, 323-341.


Sonsino, Doron, Erev Ido and Gilat Sharon. "On rationality, learning and zero-sum betting- an experimental study." Unpublished manuscript


Sonsino, Doron, "On subjective uncertainty and myopic behavior". Unpublished manuscript


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


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


Sonsino Doron and Sirota Julia. “Strategic pattern recognition – Experimental evidence.” Games and Economic Behavior. Vol. 44. 2003. 390-411.


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


Shavit Tal, Sonsino Doron and Ben-Zion Uri. “On the evaluation of lotteries and options – An experimental study.” Journal of Behavioral Finance, Vol 3. No. 3, 2001, 168-181.


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


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


Anderhub Vital, Gneezy Uri, Güth Werner and Sonsino Doron. "On the interaction of risk and uncertainty - An experimental study.” German Economic Review, Vol. 2, No. 3, 2001, 483-491.


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


Sonsino, Doron. “A Lemma on Proximity of Variances and Expectations.” ESAIM: Probability and Statistics, Vol. 4, 2000, 229-231.


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


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


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


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


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



Special issue notification

The Journal of Risk and Financial Management has launched an OPEN EXCESS issue on "Behavioral determinants of individual trading decisions". 

The dead line for submissions is 30 November 2021.

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