myopic loss aversion
Myopic loss aversion revisited
... on myopic loss aversion by analyzing individual rather than aggregate choice ...of myopic loss aversion. Key words: myopic loss aversion, evaluation period, ...
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Why does myopia decrease the willingness to invest? Is it myopic loss aversion or myopic loss probability aversion?
... For loss averse investors, a sequence of risky investments looks less attractive if it is evaluated myopically—an effect called myopic loss aversion ...(myopic) loss probability ...
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Myopic loss aversion and the equity premium puzzle
... 3.3.1 Students Gneezy and Potters (1997) designed their lottery after Benartzi and Thaler (1995) proposed myopic loss aversion as a possible solution to the equity premium puzzle. They conducted 14 ...
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No myopic loss aversion in adolescents? – An experimental note
... Bellemare et al., 2005; Haigh and List, 2005; Langer and Weber, 2008; Fellner and Sutter, 2009; Charness and Gneezy, 2010; Eriksen and Kvaløy, 2010;). Our sample is different from all previous studies as we have ...
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Psychological and environmental determinants of myopic loss aversion
... of myopic loss ...First, myopic loss aversion is influenced by outcomes from early rounds of the ...to myopic loss aversion only when initial rounds resulted in ...
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Causes, consequences, and cures of myopic loss aversion - An experimental investigation
... The first fact to catch one’s eye from comparing the Exogenous with the Endogenous model is that the coefficient of the investment horizon is significantly larger in the exogenous treatments than in the endogenous ones. ...
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The Role of Myopic Loss aversion in Pre-harvest Grain Marketing
... of myopic loss aversion (MLA) risk preferences on pre-harvest grain marketing decisions using a laboratory ...a loss aversion parameter estimate that suggests the presence of ...
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The Effect of Information Feedback Frequency and Investment Flexibility on Myopic Loss Aversion
... phenomenon. Our findings revealed that there was no significant difference for financial officers based on the statistics obtained and the gap between their corresponding average amounts of bets of each panel was ...
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Myopic Loss Aversion and Stock Investments: An Empirical Study of Private Investors
... risk aversion, the historical average equity premium of 6% is too high to be justified by standard economic ...of myopic loss aversion (MLA), which describes the tendency of loss-averse ...
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Myopic Loss Aversion and Stock Investments: An Empirical Study of Private Investors
... Abstract Myopic loss aversion was suggested by Benartzi and Thaler (1995) as the main explanation for the equity premium ...of myopic loss aversion on actual investment decisions ...
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Do Professional Traders Exhibit Myopic Loss Aversion? An Experimental Analysis
... risk aversion would be necessary to explain why investors are willing to hold bonds at all (Mehra and Prescott ...concepts—loss aversion (Kahneman and Tversky (1979)) and mental accounting (Thaler ...
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The Effect of Financial Self Efficacy on Myopic Loss Aversion in Financial Decision Making
... are Myopic Loss Aversion and Financial Self-Efficacy. Myopic Loss Aversion is a combination of a tendency to overemphasize possible losses compared to gains (Loss ...
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Myopic Loss Aversion Revisited: The Effect of Probability Distortions in Choice Under Risk
... that myopic loss aversion cannot fully explain the experimental ...of loss aversion of a modal subject across treatments with high and low evaluation ...
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Reevaluating evidence on myopic loss aversion : aggregate patterns versus individual choices
... Pavlo R. Blavatskyy † and Ganna Pogrebna ‡ Abstract Investors who are more willing to accept risks when evaluating their investments less frequently are said to exhibit myopic loss aversion (MLA). ...
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Myopic loss aversion, disappointment aversion, and the equity premium puzzle
... on loss aversion is crucially dependent on a very short time horizon, and already a horizon of three years or so seems too long for loss aversion to be a satisfactory explanation of the ...
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Myopic Loss Aversion under Ambiguity and Gender Effects
... * [email protected] Abstract Experimental evidence suggests that the frequency with which individuals get feedback infor- mation on their investments has an effect on their risk-taking behavior. In particular, when they are ...
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Myopic Loss Aversion: Information Feedback vs. Investment Flexibility
... Conclusion In this paper, we reported the results of an alternative experimental test for the presence of an evaluation period effect. This test allowed us to disentangle the effect of information feedback from that of ...
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Myopic Loss Aversion, Information Dissemination, and the Equity Premium Puzzle
... gation of the additive and multiplicative approaches is required in future work. Conclusion In this note, we performed an alternative test on the evaluation period effect, which allowed us to disentangle the effect of ...
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Myopic Loss Aversion and House-Money Effect Overseas: an experimental approach
... Weber and Zuchel [2003] investigate the influence of prior outcomes on risk attitude in a framework close to our approach. They found that the prospect presentation might influence the risk attitude of subjects after ...
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Manipulating individuals' risk-taking with financial incentives: a myopic loss aversion experiment
... does myopic framing reduce overconfidence factor? Obviously, the example and rationale discussed above are simplified to great extent and in real life investors may not have fixed reviewing periods and they are ...
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